Question: How many years will it take for an initial investment of $4,294, earning 6.85% annually, to reach $9,365? Please enter your answer in number

How many years will it take for an initial investment of $4,294,

How many years will it take for an initial investment of $4,294, earning 6.85% annually, to reach $9,365? Please enter your answer in number of years with at least two digits beyond the decimal point (e.g. 6.753753 years could be entered that way or as 6.75).

Step by Step Solution

3.32 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

How many years will It taice f... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!