SOLUTION: How many quarters does it take for a deposit of $500 to grow to $600 at 2% annual percentage rate compounded quarterly? Round to the nearest quarter (quarter=3 months)
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Question 370196: How many quarters does it take for a deposit of $500 to grow to $600 at 2% annual percentage rate compounded quarterly? Round to the nearest quarter (quarter=3 months)
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
or approximately,
Rounding up that would be quarters.
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