Find the time required for an investment of 5000 dollars to grow to 6700 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t= years.?
Find the time required for an investment of 5000 dollars to grow to 6700 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t= years.?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 22T
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Find the time required for an investment of 5000 dollars to grow to 6700 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Your answer is t= years.?
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