Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t=   years.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate of 7.5 percent per year, compounded quarterly.


Your answer is t=   years.

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