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Old 10-25-2003, 07:11 PM
SittingBull SittingBull is offline
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Join Date: Sep 2002
Location: Louisiana
Posts: 826
Default Hello and HELP!!! U Mathematical GURUS!...

My niece needs to know how to solve this problem for a test.
Your help would be deeply appreciated!

Problem
u have saved $7000.00 toward the purchase of a new car costing 9000.00.
How long will the 7000.00 have to be invested at 9% compounded monthly to grow to 9000.00?

Forumlas,explanation of variables,etc... ,please.
Thanks
HappyPokering, [img]/images/graemlins/smile.gif[/img]
SittingBull
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