document.write( "Question 1149069: Find the time required for an investment of 5000 dollars to grow to 8300 dollars at an interest rate of 7.5 percent per year, compounded quarterly. \n" ); document.write( "

Algebra.Com's Answer #770415 by ikleyn(52787) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( " After the presented analytical solution/solutions, the correct answer should be formulated in terms
\n" ); document.write( " of integer number of years OR integer number of compounding periods.\r
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document.write( "In this context, the correct answer should go and should be read in this form:\r\n" );
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document.write( "    (1)  7 years is enough;  6 years is not enough.\r\n" );
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document.write( "    (2)  7*4 = 28 compounding quarter periods is enough;  27 compounding quarter periods are not enough.\r\n" );
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