Question:

Carly wants to invest $1000 in an account that earns 8%

Last updated: 8/11/2022

Carly wants to invest $1000 in an account that earns 8%

Carly wants to invest $1000 in an account that earns 8% interest, compounded quarterly. How many years will it take for he account to have a value of $5000? Round to the nearest whole number.