Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. jack estimates he will need $25,000 to startup a c

Jack estimates he will need $25,000 to startup a coffee stand. If he has $10,000...

80.2K

Verified Solution

Question

Algebra

image

Jack estimates he will need $25,000 to startup a coffee stand. If he has $10,000 to invest in a savings plan that earns 3% interest compounded monthly, how long will it take to reach the $25,000 he needs to start his business? Setup an equation and solve. Label your answer and round to one decimal place.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

LYMPHATIC SYSTEMS : 1. Describe the anatomical structure/organs of lymphatics 2.physiologic function/s of lymphatics 3.how circulatory helps lymphatics...

Medical Sciences
Q

29 A conversing beam of rays is incident on a diverging lens Having passed though...

Physics
Q

An electric dipole of dipole moment 10 C m is released from rest in uniform...

Physics
Q

Question 5 8 33 points Basic Trigonometry A person noted that the angle of elevation...

Basic Math
Q

Calculate the following derivatives Use symbolic notation and fractions where needed d dx cos 2x...

Calculus
Q

the difference quoti difference quotient

Algebra
Q

Find the product 7 2i 3 6i 7 2i 3 6i Simplify your answer Type...

Algebra
Q

The Westwood Management Association held its annual public relations luncheon in April 2013. Based on...

Accounting
Q

Please help with the balance sheet ...

Accounting
Q

Problem IV Inventory methods. Flynt Company was formed on December 1,2016. The following information is...

Accounting
Q

Sam refuses to retire until his retirement account has a balance of at least $400,264...

Accounting
Q

Evaluate/analyze American Apparel's financial performance for the past five years using the financial ratios in...

Finance