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    Business Math : Compounding Interest - Time Calculation

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    Determine how long it takes for $150.00 to become $2,000.00 if invested at 4% interest compounded quarterly.

    © BrainMass Inc. brainmass.com June 3, 2020, 5:12 pm ad1c9bdddf
    https://brainmass.com/business/business-math/business-math-compounding-interest-time-calculation-17976

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    Determine how long it takes for $150.00 to become $2,000.00 if invested at ...

    Solution Summary

    The time for an amount of money to grow using compound interest is calculated. The solution is well presented.

    $2.19

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