Mathematics, 25.11.2019 05:31 cotyross
How long will it take for $7000 investment to grow to $7553 and the annual rate of 3.4% compounded quarterly assume that no withdrawals are made
Answers: 3
![log(1.079)=log[(1.0085)^{4t}]](/tpl/images/0389/4905/6d70d.png)
![t=log(1.079)=[(4)log(1.0085)]](/tpl/images/0389/4905/088b6.png)
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How long will it take for $7000 investment to grow to $7553 and the annual rate of 3.4% compounded q...
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