Question
If $5,000 is invested at 9% annual interest compounded quarterly, how long would it take for the account balance to reach $20,000? Round your answer
If $5,000 is invested at 9% annual interest compounded quarterly, how long would it take for the account balance to reach $20,000? Round your answer to the nearest tenth.
12.9 years
14.1 years
13.7 years
15.6 years
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
3rd Edition
1319105564, 978-1319105563
