$2500 Is Invested at 6% Compounded Quarterly

question 173

Multiple Choice

$2500 is invested at 6% compounded quarterly. In how many years will the account have grown to $6000? Round your answer to the nearest tenth of a year.

• A) 1.2 years
• B) 18.5 years
• C) 15.0 years
• D) 14.7 years

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Definitions:

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