7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum compounded quarterly?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
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7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum compounded
quarterly?
Transcribed Image Text:7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum compounded quarterly?
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