Question: Section 5.4 - Exponential and Logarithmic Equations core: 30/35 30/35 answered Question 32 The compound interest formula is given by nt A = P(14_ n

Section 5.4 - Exponential and Logarithmic Equations core: 30/35 30/35 answered Question 32 The compound interest formula is given by nt A = P(14_ n where A is the accumulated amount, after an initial investment of P dollars is invested for t years, at annual interest rate r, compounded n times per year. Use the formula above to determine how long it will take an initial investment of $13,250 to grow to $63,600, if the account earns 14.65% interest per year, compounded quarterly. Round the solution to two decimal places. The account balance will reach $63,600 after years. Question Help: Video Submit Question 81 F 99+ 15 C C Mostly cloudy

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