Find how many years it would take for an investment of $3700 to grow to $6000 at an annual interest rate of 6.2% compounded semi-annually.

  7 years 11 months

Step-by-step explanation:

The future value formula for the value of a principal P invested at annual rate r compounded n times yearly for t years is ...

  FV = P(1 +r/n)^(nt)

For the given numbers, we want to find t:

  6000 = 3700(1 +.062/2)^(2t)

Dividing by 3700 and taking the logarithm, we get ...

  6000/3700 = 1.031^(2t)

  log(60/37) = 2t·log(1.031)

Dividing by the coefficient of t gives ...

  t = log(60/37)/(2log(1.031)) ≈ 7.92 . . . . . years

It will take about 7 years 11 months for the investment to grow to $6000.

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (