Dante deposited $2000 into an account with a 6% annual interest rate, compounded semiannually. Assuming that no withdrawals are made, how long will it take for the investment to grow to $3000 ? Do not round any intermediate computations, and round your answer to the nearest hundredth. ________ years

Dante deposited $2000 into an account with a 6% annual interest rate, compounded semiannually. Assuming that no withdrawals are made, how long will it take for the investment to grow to $3000 ? Do not round any intermediate computations, and round your answer to the nearest hundredth. ________ years

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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