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Compare the investment below to an investment of the same principal at the same rate compounded annually. ​principal: ​$​8,000, annual​ interest: ​7%, interest​ periods: 4, numb…

Compare the investment below to an investment of the same principal at the same rate compounded annually. ​principal: ​$​8,000, annual​ interest: ​7%, interest​ periods: 4, numb…
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1 vote
Compare the investment below to an investment of the same principal at the same rate compounded annually.

​principal: ​$​8,000, annual​ interest: ​7%, interest​ periods: 4, number of​ years: 10

Please help

asked
User EzPizza
by
8.0k points

1 Answer

1 vote
The answer would be 42 years in all
answered
User Dhanasekar Murugesan
by
8.6k points
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