8. Amanda invests some money for her retirement. The account pays 9%/a compounded quarterly. How long will it take for her investment to quadruple? C. 4.0 years D. 6.8 years A. 16.1 years B. 15.6 years

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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8. Amanda invests some money for her retirement. The account pays 9%/a compounded quarterly.
How long will it take for her investment to quadruple?
C. 4.0 years
D. 6.8 years
A. 16.1 years
B. 15.6 years
Transcribed Image Text:8. Amanda invests some money for her retirement. The account pays 9%/a compounded quarterly. How long will it take for her investment to quadruple? C. 4.0 years D. 6.8 years A. 16.1 years B. 15.6 years
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