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?

79

likes395 views

Hester

4.8

76 Answers

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

Frequently asked questions (FAQs)

What is the equality condition for the sides and corresponding angles of two triangles to be congruent?

+

Math question: What is the equation of an exponential function that passes through the points (1, 4) and (3, 36)?

+

Question: Find the absolute extrema of the function f(x) = 2x^3 - 9x^2 + 12x on the interval [0, 5].

+

New questions in Mathematics