Naomi's parents want to have $50,000 saved for her college education. if they invest $20,000 today and earn 7% interest compounded annually, about how long will it take them to save the $50,000?

13.543 years ( approx )

Step-by-step explanation:

Here, the principal amount = 20,000

Annual rate of interest = 7 %

Let the amount will be $ 50,000 after t years,

The total compounded amount after t years = $ 50000

By taking log on both sides,

Answer is    b. 80, 99, 120to get from 15 to 24, you add 9 (from 24 - 15).to get from 24 to 35, you add 11 (from 35 - 24).to get from 35 to 48, you add 13 (from 48 - 35).to get from 48 to 63, you add 15 (from 63-48).you are incrementing by rate of change that is increased by two after each increase.so for the text term of the sequence you need to add 17 to 63.    63 + 17 = 80increase rate of change, 17, by two to get 19 as rate of change.now add 19 to 80.    80 + 19 = 99increase rate of change, 19,  by two to get 21 as rate of change.now add 21 to 99.    99 + 21 = 120the next three terms are 80, 99, 120