Register

Henry invested $4,300 in an account paying an interest rate of 3.6% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest ye…

Henry invested $4,300 in an account paying an interest rate of 3.6% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest ye…
asked 97.7k views
1 vote
Henry invested $4,300 in an account paying an interest rate of 3.6% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $6,730?

asked
User Yolima
by
7.7k points

1 Answer

3 votes

Answer:

12.67 years

Explanation:

answered
User Alannah
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!