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Lunna [17]
2 years ago
7

Sophie invested $93,000 in an account paying an interest rate of 5.6% 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 $170,500?
Mathematics
1 answer:
ivolga24 [154]2 years ago
3 0

Answer:

11

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

The confidence interval is given by:

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Where

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Then the confidence interval is

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Comment if you need further explanation.
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