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Henry invested $4,300 in an account paying an interest rate of 3.6% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the
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Henry invested $4,300 in an account paying an interest rate of 3.6% 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 $6,730?

User Yolima
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3 votes

Answer:

12.67 years

Explanation:

User Alannah
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