Question: Carlos needs $ 2 3 , 0 8 0 for a future project. He can invest $ 5 0 0 0 now at an annual

Carlos needs $23,080 for a future project. He can invest $5000 now at an annual rate of 8%, compounded semiannually. Assuming that no withdrawals are made, how long will it take for him to have enough money, forhis project?
Do not round any intermedate computations, and round your answer to the nearest hundredth.
Carlos needs $23,080 for a future project. He can invest $5000

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