Question
Sophie invested $93,000 in an account paying an interest rate of 5.6% compounded quarterly. Assuming no deposits or withdrawals are made, how long would
Sophie invested $93,000 in an account paying an interest rate of 5.6% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $170,500?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
