Question:

Tammy deposited $3000 into an account with a 5.6% annual

Last updated: 7/20/2022

Tammy deposited $3000 into an account with a 5.6% annual

Tammy deposited $3000 into an account with a 5.6% annual interest rate, compounded semiannually. Assuming that no withdrawals are made, how long will it take for the Investment to grow to $45397 Do not round any intermediate computations, and round your answer to the nearest hundredth.