Answer to Question #36293 in Calculus for Rebecca

Question #36293
If $7,500 is invested in an account earning 5% interest compounded quarterly, how many years pass until there is $20,000 in the account?
Formula - A=P(1+(r/n))^nt


can someone please help and show me how the answer is found?
1
Expert's answer
2013-10-23T08:08:38-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/mathematics-answer-36293.pdf

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
APPROVED BY CLIENTS