Ali needs$3500for a future project. He can invest$2500now at an annual rate of12.5%,compounded quarterly. Assuming that no

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Ali needs$3500for a future project. He can invest$2500now at an annual rate of12.5%,compounded quarterly. Assuming that no withdrawals are made, how long will it take for him to have enough money for his project?

Do not round any intermediate computations, and round the answer to the nearest hundredth.

_________years

Posted Date: May 19, 2024 11:12 AM

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Ali needs$3500for a future project. He can invest$2500now at an annual rate of12.5%,compounded quarterly. Assuming that no

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