Eric R.

asked • 12/17/20

1. Rita sold her house for $275,000. She deposited the amount in a bank giving her an annual interest of 1.25%, compounded quarterly.

A) Find the value of the account after 13 years. round answer to the nearest cent.

B) Find the number of years it will take for the money to become $500,000, round your answer to the tenth of a year

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