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8 19 10 11 X 12 13 Suppose that S2000 is placed in a savings account at an annual rate of 2.9%, compounded quarterly.

8 19 10 11 X 12 13 Suppose that S2000 is placed in a savings account at an annual rate of 2.9%, compounded quarterly. Assuming that no withdrawals are made, how long will it take for the account to grow to $2500? Do not round any intermediate computations, and round your answer to the nearest hundredth. If necessary, refer to the list of financial formulas. years 5

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