Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount.$4700 deposited at 3.8% compounded monthly, to reach at least $13,200.

A. 27 years, 6 months
B. 27 years, 1 month
C. 27 years, 9 months
D. 27 years, 3 months


Answer: D

Mathematics

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