A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12% compounded quarterly, how long

Question

A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12% compounded quarterly, how long will it take for the money to grow to $50,000? (Round
your answer to the nearest whole number.)

Kunduz · Accepted Answer

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