Find the time required for an investment of 5000 dollars to grow to 7300 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t = years. You may enter the exact value or round to 2 decimal places. Submit Question

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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Find the time required for an investment of 5000 dollars to grow to 7300 dollars at an interest rate of 7.5
percent per year, compounded quarterly.
Your answer is t =
years.
You may enter the exact value or round to 2 decimal places.
Submit Question
Transcribed Image Text:Find the time required for an investment of 5000 dollars to grow to 7300 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t = years. You may enter the exact value or round to 2 decimal places. Submit Question
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