Ask Question
24 May, 04:28

How long will it take for $600 to grow to $47,500 at an interest rate of 8% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.

+4
Answers (1)
  1. 24 May, 04:34
    0
    It will take about 55.19 years.

    To find this problem, we have to solve the following equation.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How long will it take for $600 to grow to $47,500 at an interest rate of 8% if the interest is compounded quarterly? Round the number of ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers