Burgess Bowers
03/06/2023 · Elementary School
Find the time required for an investment of 5000 dollars to grow to 6500 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is \( t=\square \) years. You may enter the exact value or round to 2 decimal places.
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The time required is approximately 3.53 years.
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