Asked by M
how long would it take 1000 to grow to 5000 if I can get 5% compounded quarterly?
Answers
Answered by
Anonymous
5/4 = 1.25 percent per quarter
5 = 1.0125^n
ln 5 = n ln 1.0125
n = 130 quarters
= 32.4 years
5 = 1.0125^n
ln 5 = n ln 1.0125
n = 130 quarters
= 32.4 years
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.