SOLUTION: Find how long it takes a $1200 investment to earn $600 interest if it is invested at 5% interest compounded quarterly.
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Question 1157482: Find how long it takes a $1200 investment to earn $600 interest if it is invested at 5% interest compounded quarterly.
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
$600 interest means the original $1200 has grown to $1800.
If t is the number of years and the interest is 5% compounded quarterly, then
Graph using a graphing calculator, or solve using logarithms....
You can finish....
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