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:

Tactile Perception

The sense and understanding of the world through touch.

Self-Care Deficit

A situation where an individual is unable to attend to their personal care needs, requiring assistance or intervention.

Gustatory

Related to the sense of taste or the tasting of substances.

Oral Hygiene

Practices aimed at maintaining the cleanliness of the mouth and teeth, crucial for preventing dental diseases such as tooth decay and gum disease.