Question: How much time will be needed for $32,000 to grow to $39,406.06 if deposited at 7% compounded quarterly? kt +5)*. k For calculating use

How much time will be needed for $32,000 to grow to $39,406.06

How much time will be needed for $32,000 to grow to $39,406.06 if deposited at 7% compounded quarterly? kt +5)*. k For calculating use the formula A = P 1 + The amount $32,000 will grow to $39,406.06 in year(s). (Do not round until the final answer. Then round to the nearest tenth as needed.)

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