Use the formula for compound interest with n compoundings per year to solve this problem. How long,

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Use the formula for compound interest with n compoundings per year to solve this problem. How long, to the nearest tenth of a year, will it take $12,500 to grow to $20,000 at 6.5% annual interest compounded quarterly?

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College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

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Question Posted: Jun 13, 2023 08:11 AM

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Use the formula for compound interest with n compoundings per year to solve this problem. How long,

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20000 12500 1 12500101625 1...View the full answer

College Algebra

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