Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can you help me understand what information do I enter on the formula to get to the answer? You deposit $9000 in and account that
Can you help me understand what information do I enter on the formula to get to the answer?
You deposit $9000 in and account that pays 2% compounded quarterly. How long will it take for the money to triple?
A= P(1+r/n)^nt
Thank you.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started