Mathematics, 28.10.2020 17:00 Queenhagar

Samuel invested $8,400 in an account paying an interest rate of 6.4% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest year, for the value of the account to reach $21,090?

Answers: 2

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Samuel invested $8,400 in an account paying an interest rate of 6.4% compounded quarterly. Assuming...

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Samuel invested $8,400 in an account paying an interest rate of 6.4% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $21,090?

Answers

Another question on Mathematics

Samuel invested $8,400 in an account paying an interest rate of 6.4% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest year, for the value of the account to reach $21,090?