John invests $500 in a savings account with a nominal annual interest rate of 10% compounded quarterly. How many years will it take for the investment to reach $1000? Round to the nearest tenth. If you

Caspar Kleijne asked Dec 20, 2023

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Caspar Kleijne asked Dec 20, 2023

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14 votes

It will take 10 years for the investment to reach $1,000.

Sure hope this helps you

Vkv answered Dec 25, 2023

by Vkv

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