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$6500\$ 6500 Is Invested At 10%10 \% Compounded Quarterly $11,500\$ 11,500 ? Round Your Answer to the Nearest Tenth of a How

Question 198

Multiple Choice

$6500\$ 6500 is invested at 10%10 \% compounded quarterly. In how many years will the account have grown to $11,500\$ 11,500 ? Round your answer to the nearest tenth of a year.


A) 1.1 years
B) 5.8 years
C) 10.6 years
D) 6.0 years

Correct Answer:

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