Jess and Oscar have $200,000 to invest in a savings account that pays 2.875% interest compounded quarterly.

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Jess and Oscar have $200,000 to invest in a savings account that pays 2.875% interest compounded quarterly. How many years will it take for the account to earn $30,000 in interest? Round your answer to the nearest tenth of a year.

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Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

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Question Posted: Sep 12, 2022 03:18 AM

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Jess and Oscar have $200,000 to invest in a savings account that pays 2.875% interest compounded quarterly.

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Answer Principle 200000 Rate 2875 aka 002875 M...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

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