O EXPONENTIAL AND LOGARITHMIC FUNCTIONS 三 Finding the time in a word problem on compound interest Español How long will it take for a $7000 investment to grow to $7504 at an annual rate of 4%, compounded quarterly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth. years 圖

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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O EXPONENTIAL AND LOGARITHMIC FUNCTIONS
Finding the time in a word problem on compound interest
Español
How long will it take for a $7000 investment to grow to $7504 at an annual rate of 4%, compounded quarterly? Assume that no withdrawals are made.
Do not round any intermediate computations, and round your answer to the nearest hundredth.
圖
|years
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Transcribed Image Text:O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Finding the time in a word problem on compound interest Español How long will it take for a $7000 investment to grow to $7504 at an annual rate of 4%, compounded quarterly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth. 圖 |years Explanation Check Accessibility O 2021 McGraw Hill LLC. All Rights Reserved. Terms of Use I Privacy Center dtv MacBook Air esc 888 4 FS % & * 3 4 5 6 7 8
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