Mathematics, 21.05.2021 01:00 apascascio2316

Justin invested $7,300 in an account paying an interest rate of 1.5% 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 $8,560?

Answers: 3

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Justin invested $7,300 in an account paying an interest rate of 1.5% compounded quarterly. Assuming...

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Justin invested $7,300 in an account paying an interest rate of 1.5% 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 $8,560?

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Another question on Mathematics

Justin invested $7,300 in an account paying an interest rate of 1.5% 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 $8,560?