A man invests $2000 in an account that pays 6.5% interest per year, compounded quarterly.
(a)...
Mathematics, 24.03.2020 07:26, retros133
A man invests $2000 in an account that pays 6.5% interest per year, compounded quarterly.
(a) Find the amount after 2 years? (Round your answer to the nearest cent.)
$
(b) How long will it take for the investment to triple? (Round your answer to two decimal places.)
yr
Answers: 2
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