Solve the problem.Anne purchased a bond for a museum valued at $8000 for $2400. If the bond pays 5.5% annual interest compounded monthly, how long must she hold it until it reaches its full face value?

A. 19.94 years
B. 20.94 years
C. 21.94 years
D. 23.94 years


Answer: C

Mathematics

You might also like to view...

Find the Cartesian coordinates of the given point.(, ?/6)

A.
B.
C.
D.

Mathematics

7

A.
B.
C.
D.

Mathematics

Factor the expression completely. If the polynomial is prime, state this as your answer.1000x3 + 1

A. (10x + 1)(100x2 + 10x + 1) B. (10x + 1)(100x2 + 1) C. (10x + 1)(100x2 - 10x - 1) D. (10x + 1)(100x2 - 10x + 1)

Mathematics

Combine like terms.38t - 23t

A. 14t
B. 14t
C. 14t
D. 14t

Mathematics