Alonzo needs $9305 for a future project. He can invest $5000 now at an annual rate of 7.6%, compounded quarterly. Assumi

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answerhappygod
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Alonzo needs $9305 for a future project. He can invest $5000 now at an annual rate of 7.6%, compounded quarterly. Assumi

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Alonzo Needs 9305 For A Future Project He Can Invest 5000 Now At An Annual Rate Of 7 6 Compounded Quarterly Assumi 1
Alonzo Needs 9305 For A Future Project He Can Invest 5000 Now At An Annual Rate Of 7 6 Compounded Quarterly Assumi 1 (23.33 KiB) Viewed 31 times
Alonzo needs $9305 for a future project. He can invest $5000 now at an annual rate of 7.6%, compounded quarterly. Assuming that no withdrawals are made, how long will it take for him to have enough money for his project? Do not round any intermediate computations, and round your answer to the nearest hundredth.
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