Question
Jimmy invests $15,000 in an account that pays 6.07% compounded quarterly. How long (in years and months) will it take for his investment to
Jimmy invests $15,000 in an account that pays 6.07% compounded quarterly. How long (in years and months) will it take for his investment to reach $22,000? years and months (Round the answer for months up to the nearest multiple of three.).
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
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