taylorannemariesumme taylorannemariesumme
  • 21-01-2021
  • Mathematics
contestada

Compounding - Solve for Time
Jan 21, 2:12:46 PM
Joseph invested $89,000 in an account paying an interest rate of 6.6% compounded
quarterly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest tenth of a year, for the value of the account to reach $237,600?

Respuesta :

jazzyj81104
jazzyj81104 jazzyj81104
  • 31-01-2021

Answer:

t=15

Step-by-step explanation:

Answer Link

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