Suppose you make an investment of $5,000 in an account earning 10.5% interest compounded quarterly. How many years will it take

Question

Suppose you make an investment of $5,000 in an account earning 10.5% interest compounded quarterly. How many years will it take for your investment to grow to $50,000?
SHOW YOUR WORK IN STEPS.
(Round your answer to the nearest tenth of a year.)

Kunduz · Accepted Answer

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