Bubba is saving up money for a down payment on a condominium he currently has $3177 but knows he can get a loan at a lower interest-rate if you can put down $3943 if he invest the 3177 in an account that earns 5.1% annually compounded monthly how long will take Bubba to accumulate the $3943 round your answer to two decimal places if necessary

Respuesta :

im confused on what its asking

Answer:

3943=3177e^(0.051(t))

4.2 years

Step-by-step explanation: