Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you invested $12,000 in a term deposit that paid 7

You invested $12,000 in a term deposit that paid 7.5% compounded quarterly. If the term...

80.2K

Verified Solution

Question

Accounting

You invested $12,000 in a term deposit that paid 7.5% compounded quarterly.

If the term deposit is now worth $17,120, how many YEARS ago did you buy term deposit?

Leave your answer in 2 decimal points.

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

Statistics
1.2K views

The firearms manufacturer that sells its firearms to the local sheriff’s department has 2000 used firearms...

Chemistry
1.2K views

What major factor(s) affect the experimental determination of the heat of formation of magnesium oxide using...

Advance Math
1.2K views

A rectangular box without a lid is to be made from 12 m^2 of cardboard. Find...

Advance Math
1.2K views

Question 5. Use MATLAB to solve for and plot the response of the following models for 0?t...

General Management
1.2K views

1. Describe a transformation process within an organization that is familiar to you; list all inputs,...

Biology
1.2K views

Title VII of the Civil Rights Act of 1964 outlawed discrimination in employment based on...

Biology
1.2K views

Using the following data on the age in years for each of the 5 participants...

Basic Math
1.2K views

Mrs Imperiale s credit card has an APR of 13 2 She does not ever...

Algebra
1.2K views

12 a Graph the line with y intercept I and slope 2 3 Include a...

Accounting
1.2K views

Sendelbach Corporation is a U.S.-based organization with operations throughout the world. One of...

Accounting
1.2K views

Award: 100.00 points On April 1, Jiro Nozomi created a new travel agency, Adventure Travel....

Finance
1.2K views

Management action and stock value REH Corporation's most recent dividend was $2.15 per share, its...