Question:

Joseph invested $89,000 in an account paying an interest

Last updated: 8/6/2022

Joseph invested $89,000 in an account paying an interest

Joseph invested $89,000 in an account paying an interest rate of 6.6% compounded how long would it take, to withdrawals are made, quarterly. Assuming no deposits or the nearest tenth of a year, for the value of the account to reach $237,600?