Patricia inherited $25,000 and invests this amount in an account that earns 4% interest per year compounded

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Patricia inherited $25,000 and invests this amount in an account that earns 4% interest per year compounded quarterly. If her investment grows to $31,742.50, how long was the money left in the account?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Sep 21, 2024 05:15 AM

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Patricia inherited $25,000 and invests this amount in an account that earns 4% interest per year compounded

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6 years If quarterly interest rate is 1 Pr...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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