Question: You currently have $700 (Present Value) in an account that has an interest rate of 5% per year compounded quarterly (4 times per year). You
You currently have $700 (Present Value) in an account that has an interest rate of 5% per year compounded quarterly (4 times per year). You want to withdraw all your money when it reaches $1,120 (Future Value). In how many years will you be able to withdraw all your money? The number of years is
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