contestada

2500.00 placed in a savings account at an annual rate of 2.6% compounded quarterly. If no withdraws are made how long will it take to get to 4500.00?

Respuesta :

wolf1728

Answer:

http://www.1728.org/rate2.htm

Years = ln (Total / Principal) / rate

Years = ln (4,500 / 2,500) / .026

Years = ln (1.8) / .026

Years = 0.5877866649 / .026

Years = 22.6071794192

Step-by-step explanation:

Otras preguntas