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In an account Clarence Strutton currently has $37,850.00. At a rate of 4.00% how long will it take for them to have $68,690.00 assuming tri-annually
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In an account Clarence Strutton currently has $37,850.00. At a rate of 4.00% how long will it take for them to have $68,690.00 assuming tri-annually compounding? (Hint: compute the exact years, do not use rule of 70/72)
a. 5.07 years
b. 15.00 years
c. 45.00 years
d. 15.20 years
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