venture promises a 7% annual interest rate compounded once a year. For how many years should Roger invest his five thousand pesos to make it a five-digit amount?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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a venture promises a 7% annual interest rate compounded once a year. For how many years should Roger invest his five thousand pesos to make it a five-digit amount?
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