An initial investment of $1000 grows at an interest rate of 4% per year. How long will it take that investment to reach $1,500? Assume that you make no further deposits or withdrawals from the investment

Nasser AlNasser asked Jan 27, 2022

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Nasser AlNasser asked Jan 27, 2022

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18 votes

Answer:

it would take 12.5 or 12 and a half years

Explanation:

Bkjvbx answered Jan 30, 2022

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