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How much time will needed for a $34,000 to grow to $38,312.05 if he deposited at 4% compound quarterly.

How much time will needed for a $34,000 to grow to $38,312.05 if he deposited at 4% compound quarterly.
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How much time will needed for a $34,000 to grow to $38,312.05 if he deposited at 4% compound quarterly.

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User Bvanvugt
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1 Answer

6 votes
It will take 3 years for his money to grow to $38312.05
How much time will needed for a $34,000 to grow to $38,312.05 if he deposited at 4% compound-example-1
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User Peter Krautzberger
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7.7k points
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