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2 years ago

11

John invests $500 in a savings account with a nominal annual interest rate of 10% compounded quarterly. How many years will it t

ake for the investment to reach $1000? Round to the nearest tenth. If you solve this asap and correctly you are a true star ;)

1 answer:

Illusion [34]2 years ago

8 0

It will take <u>10 years</u> for the investment to reach $1,000.

<em>Sure hope this helps you</em>

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