Find the time required for an investment of 5000 dollars to grow to 6800 dollars at an interest rate of 5.5% per year, compounded quarterly. Round to the nearest year.

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asked Jan 12, 2022 140k views

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Find the time required for an investment of 5000 dollars to grow to 6800 dollars at an interest rate of 5.5% per year, compounded quarterly. Round to the nearest year.

Mathematics
college

Omikad asked

by Omikad

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3 votes

Answer:

i think 6 years

Explanation:

Mmell answered Jan 15, 2022

by Mmell

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