Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How much time will be needed for 21 000 to grow to 24 371 36 if deposited at 6 kt compounded quarterly For calculating use

image text in transcribed
image text in transcribed

How much time will be needed for 21 000 to grow to 24 371 36 if deposited at 6 kt compounded quarterly For calculating use the formula A P 1 P 1 7 year s The amount 21 000 will grow to 24 371 36 in Do not round until the final answer Then round to the nearest tenth as neede

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Recent Advancements In Graph Theory

Authors: N P Shrimali, Nita H Shah

1st Edition

1000210200, 9781000210200

More Books

Students also viewed these Mathematics questions