Question:

Kala needs $4300 for a future project. She can Invest $2000

Last updated: 7/20/2022

Kala needs $4300 for a future project. She can Invest $2000

Kala needs $4300 for a future project. She can Invest $2000 now at an annual rate of 10%, compounded quarterly. Assuming that no withdrawals are made, how long will it take for her to have enough money for her project? Do not round any Intermediate computations, and round your answer to the nearest hundredth.