If $25,000 is invested at 8% compounded quarterly, how long (in quarters) will it be before it grows to $35,000? (Round your answer to one decimal place.)

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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If $25,000 is invested at 8% compounded quarterly, how long (in quarters) will it be before it grows to $35,000? (Round your answer to one decimal place.)
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