Question 2: a. You have just won the lottery and received $30,000. You deposited your winnings...
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Question 2: a. You have just won the lottery and received $30,000. You deposited your winnings into an account that pays 8 percent interest compounded annually. How long will you have to wait until your winnings are worth $70,000? interest Question 2: a. You have just won the lottery and received $30,000. You deposited your winnings into an account that pays 8 percent interest compounded annually. How long will you have to wait until your winnings are worth $70,000? interest
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The question asks how long it will take for an initial amount of 30000 to grow to 70000 at an annual ... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
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