Anthony invested $36,000 in an account paying an interest rate of 5.3% compounded quarterly. Assuming no deposits or withdrawals

Question

Anthony invested $36,000 in an account paying an interest rate of 5.3% compounded
quarterly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest year, for the value of the account to reach $51,800?

Kunduz · Accepted Answer

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