SOLUTION: Suppose you invest $1500 at an annual rate of 6.50% compounded quarterly. how long will it take for the investment to reach a value of $7500?
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Question 194015: Suppose you invest $1500 at an annual rate of 6.50% compounded quarterly. how long will it take for the investment to reach a value of $7500?
Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!
use the formula
:
solve for t
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