Carlos needs $8078 for a future project. He can invest $7000

Last updated: 7/17/2022

Carlos needs $8078 for a future project. He can invest $7000 now at an annual rate of 9,8%, compounded semiannually. Assuming that no withdrawals are made, how long will it take for him to have enough money for his project? Do not round any intermediate computations, and round your answer to the nearest hundredth.