Grace invested $7,000 in an account paying an interest rate of 4.7% compounded quarterly. Assuming no deposits or withdrawals are made

Question

Grace invested $7,000 in an account paying an interest rate of 4.7% compounded
quarterly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest tenth of a year, for the value of the account to reach $11,870?

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Gerda 5 months 2021-09-04T07:56:27+00:00 1 Answers 4 views 0

Answers ( )

    0
    2021-09-04T07:58:15+00:00

    Answer:

    11.3

    Step-by-step explanation:

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