Question
How long will it take for a$2500investment to grow to$4500at an annual rate of7%,compounded semiannually? Assume that no withdrawals are made. Do not round any
How long will it take for a$2500investment to grow to$4500at an annual rate of7%,compounded semiannually? Assume that no withdrawals are made.
Do not round any intermediate computations, and round your answer to the nearest hundredth.
________years
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Get StartedRecommended Textbook for
Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
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