Question
After winning $80,000 on a game show, Jasmine invests the money in a fixed-rate account offering 6.2% interest compounded semiannually. How long will it
After winning $80,000 on a game show, Jasmine invests the money in a fixed-rate account offering 6.2% interest compounded semiannually. How long will it take that amount to grow to $125,000? Do not round any intermediate computations. Round your final answer to two decimal places, if necessary. It will take years. X 5
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Get StartedRecommended Textbook for
Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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