To the nearest day, how long will it take a $20,000 investment to grow to $22,000 (including

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To the nearest day, how long will it take a $20,000 investment to grow to $22,000 (including accrued interest) if it earns 3% compounded quarterly? Assume that a quarter-year has 91 days.

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:37 AM

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To the nearest day, how long will it take a $20,000 investment to grow to $22,000 (including

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The number of quarter years for 20000 invested at 3 compounded quarterly to grow to 220...View the full answer

Fundamentals Of Business Mathematics In Canada

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