How do estimate the term of the investment

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Problem 1: Josie invests $4 500 at a rate of 3.8% pa compounded annually. At the end of that period, she has $6 500. Estimate the term of the investment.

Reference no: EM132630721

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How do estimate the term of the investment : Josie invests $4 500 at a rate of 3.8% pa compounded annually. At the end of that period, she has $6 500. Estimate the term of the investment.
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