Solve the problem.
-How long will it take for $4700 to grow to $47,300 at an interest rate of 1.7% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.
A) 544.44 yr
B) 136.11 yr
C) 593.25 yr
D) 136.97 yr
Correct Answer:
Verified
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