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part a and part b please Ethel invested $2000 at a rate of 2.8% compounded quarterly. For each question below the compound interest formula A
part a and part b please
Ethel invested $2000 at a rate of 2.8% compounded quarterly. For each question below the compound interest formula A = P = P(1+5)*. a) (3 pts) How much will the investment be worth in 5 years? Ans: 5 (3 pts) How long will it take for the $2000 investment to grow to $2500? Round answer to the nearest tenth of a year. AnsStep by Step Solution
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Accounting A Smart Approach
Authors: Mary Carey, Cathy Knowles, Jane Towers-Clark
3rd Edition
0198745133, 978-0198745136
