Answered

Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

A person invests 7000 dollars in a bank. The bank pays 6.25% interest compounded
semi-annually. To the nearest tenth of a year, how long must the person leave the
money in the bank until it reaches 11300 dollars?

Sagot :

26davisjoseph

Answer:

5.3 years or 17.2 years

Step-by-step explanation:

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.