smandylee123
15.07.2019 •
Mathematics
Approximately how many years would it take for a $10,000 investment, with an 8% interest per annum, to reach $14,800 if the interest is compounded quarterly?
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Ответ:
You would do:
t = time in years
14,800 = 10,000(1+0.08/4)^4t
1.48 = 1.02^4t
log_1.02(1.48) / 4 = t
((log 1.48)/ (log 1.02))/4 = t
t ~ 4,949 years
Ответ:
a
Step-by-step explanation: