Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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Question
How long will it take a $2000 investment to grow to $2501.50 if it earns 4.5% compounded quarterly?
![How long will it take a $2000 investment to grow to $2501.50 if it
compounded quarterly?
earns 4.5%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F793fd684-ce07-4089-9f7d-219dc553a591%2Ff12a45b0-fdba-4b30-b624-106d490a68fe%2Fgq966x2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:How long will it take a $2000 investment to grow to $2501.50 if it
compounded quarterly?
earns 4.5%
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