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Laken found a CD that pays 4% compounded quarterly. If she currently has $1500 to invest, how many years would it take for the
Laken found a CD that pays 4% compounded quarterly. If she currently has $1500 to invest, how many years would it take for the CD to be worth $1794.02? Use a TVM Solver to answer the questions. State the values used for calculations Indicate positive/negative values for cash flow. Type "0" (Zero) if that variable was not used Round answers to 3 decimal places as nobded 51 1% = PV= PMT= FV= Now complete the answer below Type whole number answers It would take compounding periods, which is the same as years, for a $1500 CD to be worth $1794.02
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