PGApro9953 PGApro9953

09-05-2024
Mathematics

Answered

Deon needs $7504 for a future project. He can invest $7000 now at an annual rate of 4%, compounded quarterly. Assuming that no withdrawals are made, how long will it take for him to have enough money for his project?
Do not round any intermediate computations, and round your answer to the nearest hundredth.

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