Question

Q-5: 1. A sum of 250,000 earns interest at a rate of 12 percent per year compounded quarterly. How long will it take for the investment to grow to 400,000.​

Answer 1

Answer:

I don't know the answer or I think you can search on

Answer 2

Answer:

Answer: it will take 4 years. FV = 250000*(1+(0.12/4))*n, where FV is the future value and "n" is the number of quarters.