Compounding - Solve for Time
Jan 21, 2:12:46 PM
Joseph invested $89,000 in an account paying...
Mathematics, 21.01.2021 22:30 kfhayworth4480
Compounding - Solve for Time
Jan 21, 2:12:46 PM
Joseph invested $89,000 in an account paying an interest rate of 6.6% compounded
quarterly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest tenth of a year, for the value of the account to reach $237,600?
Answers: 1
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