How long will it take for a $2500 investment to grow to $3500 at an annual rate of 7.5%, compounded quarterly? Assume that no

Question

How long will it take for a $2500 investment to grow to $3500 at an annual rate of 7.5%, compounded quarterly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth.
If necessary, refer to the list of financial formulas.

Kunduz · Accepted Answer

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