A person invests 7000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 14700 dollars?
A person invests 7000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 14700 dollars?
Answer:
18.6
Step-by-step explanation:
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Answer:
18.6
Step-by-step explanation: