Question: Investing. How many years will it take $ 7 , 0 0 0 to grow to $ 1 3 , 0 0 0 if it

Investing. How many years will it take $7,000 to grow to $13,000 if it is invested at 3%(A) compounded quarterly? (B) compounded continuously?
(A)20.71 years (Round to two decimal places.)
(B) years (Round to two decimal places.)
 Investing. How many years will it take $7,000 to grow to

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Finance Questions!