199k views
2 votes
You put $550 in an account that

earns 2.5% annual interest
compounded quarterly. In how many
years will you have $1200?

User Boob
by
7.5k points

2 Answers

5 votes
You will earn 1200 in 32 years
User Oam Psy
by
7.5k points
4 votes
The answer is 31 years
User Rob Hardy
by
8.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories