Question-based on rounding to 2 decimal points... I have tried it many times but unable to round. Any help would be appreciated. Find the time required for an investment of $3000 to grow to $7000 at an interest rate of 6.5% per year, compounded quarterly. (Round your answer to two decimal places.)13.37X yr

Given: Initial amount=P=3000 Final amount=A=7000 Interest rate=r=6.5%=0.065 Number of times…

Answered: Find the time required for an…

Find the time required for an investment of $3000 to grow to $7000 at an interest rate of 6.5% per year, compounded quarterly. (Round your answer to two decimal places.) 13.37 X yr

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter8: Sequences And Series

Section8.4: Mathematics Of Finance

Problem 9E: Saving How much money should be invested every quarter at 10% per year, compounded quarterly, to...

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Question-based on rounding to 2 decimal points...

I have tried it many times but unable to round.

Any help would be appreciated.

Find the time required for an investment of $3000 to grow to $7000 at an interest rate of 6.5% per year, compounded quarterly. (Round your answer to two decimal places.)
13.37
X yr

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