If $500 Is Deposited in an Account Paying 8

question 253

Short Answer

If $500 is deposited in an account paying 8.3% annual interest, compounded semiannually, how long will it take for the account to increase to $850?
Please round the answer to the nearest tenth. __________ years

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Definitions:

Voluntary

Actions or decisions made by free choice, without external coercion.

Cardiac

Relating to the heart and its functions in health and disease.

Osteoarthritis

A degenerative joint disease characterized by the breakdown and eventual loss of joint cartilage.

Muscle Fitness

A state of health and physical well-being in muscles characterized by strength, endurance, and flexibility.