Question: Really stuck on this problem, any help is greatly appreciated A man invests $4000 in an account that pays 8.5% interest per year, compounded quarterly.

Really stuck on this problem, any help is greatly appreciated

A man invests$4000in an account that pays8.5%interest per year, compounded quarterly.

(a) Find the amount after2years? (Round your answer to the nearest cent.)

(b) How long will it take for the investment todouble? (Round your answer to two decimal places.)

yr

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