Question
How long will it take for a$2500 investment to grow to$4500 at an annual rate of6.5%compounded quarterly? Assume that no withdrawals are made. Do not
How long will it take for a$2500 investment to grow to$4500 at an annual rate of6.5%compounded quarterly? Assume that no withdrawals are made.
Do not round any intermediate computations, and round your answer to the nearest hundredth.
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Numerical Analysis
Authors: Richard L. Burden, J. Douglas Faires
9th edition
538733519, 978-1133169338, 1133169333, 978-0538733519
