How much time will be needed for $25,000 to grow to $26,015.10 if deposited at,,4% compounded quarterly? For calculating use the

Question

How much time will be needed for $25,000 to grow to $26,015.10 if deposited at,,4% compounded quarterly? For calculating use the formula A = P(1+t/k)^kt

The amount $25,000 will grow to $26,015.10 in __ year(s).
(Do not round until the final answer. Then round to the nearest tenth as needed.)

Kunduz · Accepted Answer

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