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You put $550 in an account that earns 2.5% annual interest compounded quarterly. In how many years will you have $1200?
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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
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