Question

Timber Inc. invested profits of $140,000.00 in a GIC at 4.99% compounded semi-annually. How long will it take for the investment to grow to a value of $176,930.82?

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Answer to a math question Timber Inc. invested profits of $140,000.00 in a GIC at 4.99% compounded semi-annually. How long will it take for the investment to grow to a value of $176,930.82?

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It will take approximately 4.75 years for the investment to grow to a value of $176,930.82. (Rounded to two decimal places)

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Timber Inc. invested profits of $140,000.00 in a GIC at 4.99% compounded semi-annually. How long will it take for the investment to grow to a value of $176,930.82?

Answer to a math question Timber Inc. invested profits of $140,000.00 in a GIC at 4.99% compounded semi-annually. How long will it take for the investment to grow to a value of $176,930.82?

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