6. Mateo invested $8000 at 3% interest compounded quarterly. How long will it take for the investment to grow to $10,000? Round to the nearest tenth of a year. [show all work]

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A: When the interest is compounded, then the formula used is A=P1+rnnt, where, A is the final amount, P…

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A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

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Q: (a) How long does it take for an investment to triple invalue if it is invested at 6% compounded…

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