How long will it take money to quadruple if it is invested at 5% compounded quarterly? It will take about years at 5% compounded quarterly. (Round to two decimal places as needed.)

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.CR: Review Problem Set
Problem 56CR
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How long will it take money to quadruple if it is invested at 5% compounded quarterly?
It will take about years at 5% compounded quarterly.
(Round to two decimal places as needed.)
Transcribed Image Text:How long will it take money to quadruple if it is invested at 5% compounded quarterly? It will take about years at 5% compounded quarterly. (Round to two decimal places as needed.)
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