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Find the time required for an investment of 5000 dollars to grow to 8900 dollars at...


Find the time required for an investment of 5000 dollars to grow to 8900 dollars at an interest rate of 7.5 percent per year,
Find the time required for an investment of 5000 dollars to grow to 8900 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t = years.
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Answer #1

Investment = $5000 Reduire Amount : $ 8900 Rate = 7.5% Compound Quarterly let time t yeares 14t 8900= 5000 نا 7.5 4 X100 =) 8

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Answer #2

t=4.53 years

source: textbook
answered by: anonymous
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