Question
Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. $8000,
Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. $8000, deposited at 7% compounded quarterly, to reach at least $9000
The time required is ____ year(s). (Type an integer or decimal rounded to the nearest hundredth as needed.)
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Entrepreneurial Finance
Authors: Steven Rogers
4th Edition
1260461440, 978-1260461442
