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A bank offers an annual interest rate of 2.012% for a new savings account. a. What is the doubling time of the account? b. If you would like your savings account to be worth $4000 after 5 years, how

A bank offers an annual interest rate of 2.012% for a new savings account. a. What is the doubling time of the account? b. If you would like your savings account to be worth $4000 after 5 years, how much do you need to invest now?

Jul 05 2021 View more View Less

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