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kevin deposits $1000 at 9% annual interest, compounded quarterly. how long will it take for the account to earn $1000 interest ?
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kevin deposits $1000 at 9% annual interest, compounded quarterly. how long will it take for the account to earn $1000 interest ?

User TurqMage
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1 Answer

7 votes

Answer:

2 years and 13 days

Explanation:

Kevin deposits $1000 at 9% annual interest, compounded quarterly. How long will it take the account to earn $1000 in interest? Round to the nearest year. 11+0)46 = 21 7.79 -t 2 years 13 MOVI2.

User Eric M Schmidt
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