Question
Using either logarithms or a graphingcalculator, find the time required for the initial amount to be at least equal to the final amount. $2000, deposited
Using either logarithms or a graphingcalculator, find the time required for the initial amount to be at least equal to the final amount. $2000, deposited at 8% compounded quarterly, to reach at least $3000. The time required is ______year(s). (Type an integer or decimal rounded to the nearest hundredth asneeded.)
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
