Mathematics, 16.02.2021 08:20 hokamidat

Raina deposited $5000 into an account with a 9.4% annual interest rate, compounded quarterly. Assuming that no withdrawals are made, how long will it take for the investment to grow to $8935?
Do not round any intermediate computations, and round your answer to the nearest hundredth.

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Raina deposited $5000 into an account with a 9.4% annual interest rate, compounded quarterly. Assumi...

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More questions: Mathematics Another questions

Raina deposited $5000 into an account with a 9.4% annual interest rate, compounded quarterly. Assuming that no withdrawals are made, how long will it take for the investment to grow to $8935? Do not round any intermediate computations, and round your answer to the nearest hundredth.

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Another question on Mathematics

Raina deposited $5000 into an account with a 9.4% annual interest rate, compounded quarterly. Assuming that no withdrawals are made, how long will it take for the investment to grow to $8935?
Do not round any intermediate computations, and round your answer to the nearest hundredth.