A couple needs 45 000 as a down payment for a home If they invest...

60.1K

Verified Solution

Question

Basic Math

image

A couple needs 45 000 as a down payment for a home If they invest the 30 000 they have at 4 compounded quarterly how long will it take for the money to grow to 45 000 Round your answer to the nearest whole number yr

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

A couple needs 45 000 as a down payment for a home If they invest the 30 000 they have at 4 compounded quarterly how long will it take for the money to grow to 45 000 Round your answer to the nearest whole number yr

Other questions asked by students