Solve the Problem

question 14

Short Answer

Solve the problem. Round to the nearest cent as needed.
-How many months will it take until an account will have $3,500 if $2,500 is invested now at 5% compounded
monthly?

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Definitions:

Lateral Buds

Buds located on the sides of a stem that have the potential to grow into a branch, leaf, or flower.

Receptacle

The receptacle is the part of a flower stalk where the parts of the flower are attached, including the base that connects the flower to the stem.

Flower Parts

The components of a flower, including petals, sepals, stamens, and pistils, which are involved in reproduction through the processes of pollination and fertilization.

Modified Branch

A plant structure that has evolved from a basic branch form to serve a different function, such as a cactus spine or a climbing tendril.