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A person invests 7000 dollars in a bank. The bank pays 7% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 12400 dollars?
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A person invests 7000 dollars in a bank. The bank pays 7% interest compounded

quarterly. To the nearest tenth of a year, how long must the person leave the money
in the bank until it reaches 12400 dollars?

User Wolfgang Leon
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1 Answer

2 votes
This might be the answer. Hope it helps..
A person invests 7000 dollars in a bank. The bank pays 7% interest compounded quarterly-example-1
User Markus Millfjord
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6.2k points
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