Mathematics, 08.01.2021 19:50 cherylmorton7302

Sophie invested $93,000 in an account paying an interest rate of 5.6% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest year, for the value of the account to reach $170,500?

Answers: 2

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Sophie invested $93,000 in an account paying an interest rate of 5.6% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $170,500?

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Another question on Mathematics

Sophie invested $93,000 in an account paying an interest rate of 5.6% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest year, for the value of the account to reach $170,500?