Solve. -How Long Will It Take for $7600 to Grow to to $23,400

question 187

Multiple Choice

Solve.
-How long will it take for $7600 to grow to $23,400 at an interest rate of 2.1% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.

• A) 53.69 yr
• B) 214.77 yr
• C) 147 yr
• D) 54.11 yr

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Definitions:

Bit Shift Down

A binary operation that moves bits to a lower position, effectively dividing the number by two for each shift.

Sequencer Instruction

A command in PLC programming that controls the execution of a sequence of operations or steps, typically used in automation processes.

Energized

A state where a device, component, or circuit has electrical power applied to it and is functioning.

SQO Instruction

A Sequential Output instruction in PLC programming, used to manage the sequential activation of outputs based on the program's logic.