Question
Find the time required for an investment of 5000 dollars to grow to 7000 dollars at an interest rate of 7.5 percent per year, compounded
Find the time required for an investment of 5000 dollars to grow to 7000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
The answer is t= _____________ years.
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Get StartedRecommended Textbook for
Algebra and Trigonometry
Authors: Ron Larson
10th edition
9781337514255, 1337271179, 133751425X, 978-1337271172
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