How much time will be needed for $35,000 to grow to $38,657.01 if deposited at 5% compounded quarterly? The amount $35,000 will

Question

How much time will be needed for $35,000 to grow to $38,657.01 if deposited at 5% compounded quarterly?
The amount $35,000 will grow to $38,657.01 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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