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How long will it take a $48,000 investment to grow to $50,258.85 if money earns 2.18% compounded quarterly? Use I/Y=2.18, P/Y=4, PMT=0. Input N in

How long will it take a $48,000 investment to grow to $50,258.85 if money earns 2.18% compounded quarterly?

Use I/Y=2.18, P/Y=4, PMT=0.

Input N in the Answer box and input years and months in the second box, rounding up to the next month. e.g. Answer: 6.78; units: 3 years 5 months

ANSWER=

UNIT=

use BA II PLUS CALC

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