Mathematics, 21.03.2021 23:40 Jasten
How long will it take for a 2500 investment to grow to 4000 at an annual rate of 12%, compounded quarterly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth.
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The amount of money, in dollars, in an account after t years is given by a = 1000(1.03)^t. the initial deposit into the account was $_^a0 and the interest rate was _a1% per year. only enter numbers in the boxes. do not include any commas or decimal points^t. the initial deposit into the account was $__^a0 and the interest rate is % per year.
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How long will it take for a 2500 investment to grow to 4000 at an annual rate of 12%, compounded qua...
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