Mathematics, 19.05.2021 15:50 hePandaKing3750

2. On the day of Herbert's birth, a deposit of $25,000 is made in a trust fund paying 8.5% interest compounded quarterly. Determine how long the money will have to
be in the account for the balance to reach $100,000.

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2. On the day of Herbert's birth, a deposit of $25,000 is made in a trust fund paying 8.5% interest...

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2. On the day of Herbert's birth, a deposit of $25,000 is made in a trust fund paying 8.5% interest compounded quarterly. Determine how long the money will have to be in the account for the balance to reach $100,000.

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Another question on Mathematics

2. On the day of Herbert's birth, a deposit of $25,000 is made in a trust fund paying 8.5% interest compounded quarterly. Determine how long the money will have to
be in the account for the balance to reach $100,000.