?To solve each problem, refer to the formulas for compound interest. Kurt wants to buy a
Chapter 4, Problem 101(choose chapter or problem)
To solve each problem, refer to the formulas for compound interest.
Kurt wants to buy a $30,000 truck. He has saved $27,000. Find the number of years (to the nearest tenth) it will take for his $27,000 to grow to $30,000 at 4% interest compounded quarterly.
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