To the nearest day, how long will it take a $20,000 investment to grow to $22,000 (including

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To the nearest day, how long will it take a $20,000 investment to grow to $22,000 (including accrued interest) if it earns 7% compounded quarterly? Assume that a quarter year has 91 days.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:36 AM

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To the nearest day, how long will it take a $20,000 investment to grow to $22,000 (including

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The number of quarter years for 20000 invested at 7 compounded quarterly to ...View the full answer

Business Mathematics In Canada

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