Suppose that$3000is placed in a savings account at an annual rate of6%,compounded monthly. Assuming that no withdrawals

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Suppose that$3000is placed in a savings account at an annual rate of6%,compounded monthly. Assuming that no withdrawals are made, how long will it take for the account to grow to$4500?

Do not round any intermediate computations, and round your answer to the nearest hundredth.

Posted Date: May 17, 2024 10:00 PM

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Suppose that$3000is placed in a savings account at an annual rate of6%,compounded monthly. Assuming that no withdrawals

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