Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. sophie invested 93 000 in an account paying an int

Sophie invested 93 000 in an account paying an interest rate of 5 6 compounded...

50.1K

Verified Solution

Question

Algebra

image

Sophie invested 93 000 in an account paying an interest rate of 5 6 compounded quarterly Assuming no deposits or withdrawals are made how long would it take to the nearest year for the value of the account to reach 170 500

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

Other questions asked by students

Physics
1.2K views

A solid sphere is rolling on a frictionless horizontal surface shown in figure with a...

Statistics
1.2K views

Researchers are conducting a nonpooled two tailed two mean hypothesis test at a 5 significance...

Calculus
1.2K views

4 Use L H pital s Rule to prove that the function 5 F x...

Calculus
1.2K views

Compute the following values for the given function.g(u, v, w) = uevw + veuw +...

Calculus
1.2K views

Suppose lim f x 6 and lim g x 2 Use the limit properties to...

Accounting
1.2K views

A. What items are excluded from gross income? (list below) B. What is H and...

Accounting
1.2K views

Do It! Review 8-4 In 2017, Vaughn Manufacturing has net credit sales of...

Accounting
1.2K views

QUESTION 3 M Foods Company currently has 200 units of sales. Each unit is priced...

Accounting
1.2K views

During 2020, Bramble Co. generated revenues of $88000. The company's expenses were as follows:cost of...

Accounting
1.2K views

Use the average daily balance method to compute the finance charge on the credit card...

Accounting
1.2K views

Look at FASBs current technical agenda. a. Are any final standards set to be issued...

Accounting
1.2K views

Answer the following question(s) using the information below: The Sour Milk Company processes unprocessed milk...