How long will it take for a $5000investment to grow to $5655at an annual rate of10%,compounded quarterly?

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How long will it take for a $5000 investment to grow to $5655 at an annual rate of 10%, compounded quarterly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth.

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Contemporary Auditing

ISBN: 978-0357515402

12th Edition

Authors: Michael C Knapp

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Posted Date: Dec 01, 2023 10:20 AM

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How long will it take for a $5000investment to grow to $5655at an annual rate of10%,compounded quarterly?

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FV PV 1 rnnt where FV is the future value 5655 PV is the presen... View the full answer

Contemporary Auditing

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