Asked by Marina

Find the time required for an investment of 5000 dollars to grow to 7900 dollars at an interest rate of 7.5% per year, compounded quarterly

10 years ago

Answered by Steve

solve for t years in

5000(1+.075/4)^(4t) = 7900

10 years ago

Answered by Hannah

6.155 years.

7 years ago

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