You currently have 3700 in your account that has an interest rate of 6.5% per year compound quarterly , you want to withdraw all your money when it reaches 8,140. And how many years will you be able to withdraw all your money

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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You currently have 3700 in your account that has an interest rate of 6.5% per year compound quarterly , you want to withdraw all your money when it reaches 8,140. And how many years will you be able to withdraw all your money
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