Solved

Solve. -How Long Will It Take for $7600 to Grow to to $23,400

Question 187

Multiple Choice

Solve.
-How long will it take for $7600 to grow to $23,400 at an interest rate of 2.1% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.


A) 53.69 yr
B) 214.77 yr
C) 147 yr
D) 54.11 yr

Correct Answer:

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