SOLUTION: Find the length of time required for an investment of $1500 to amount to $2000 at a rate of 8% per year compounded quarterly. Use the equation below in your answer. {{{ A=P*(1+i)^n
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Question 1111912: Find the length of time required for an investment of $1500 to amount to $2000 at a rate of 8% per year compounded quarterly. Use the equation below in your answer. , where P is the principal, i is the rate of interest per conversion period, and n is the number of conversion periods. Answer by MathTherapy(10555) (Show Source):
You can put this solution on YOUR website!
Find the length of time required for an investment of $1500 to amount to $2000 at a rate of 8% per year compounded quarterly. Use the equation below in your answer. , where P is the principal, i is the rate of interest per conversion period, and n is the number of conversion periods.
Is there any reason why you can't do this? It appears everything you need was handed to you on a "platter," so why don't you do your work?
This much is never usually given, but in your case you lucked out. Get to working!!
