Multiple Choice
Solve the problem.
-How long will it take for $2100 to grow to $45,800 at an interest rate of 3.3% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.
A) 94.94 yr
B) 663.62 yr
C) 93.79 yr
D) 375.16 yr
Correct Answer:
Verified
Correct Answer:
Verified
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