A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 4% compounded quarterly, how long will it take for the money to grow to $50,000? (Round your answer to the nearest whole number.) Year=
A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 4% compounded quarterly, how long will it take for the money to grow to $50,000? (Round your answer to the nearest whole number.) Year=
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 4% compounded quarterly, how long will it take for the money to grow to $50,000? (Round your answer to the nearest whole number.)
Year=
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