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1. 2. Suppose you deposited $10,000 in a savings account earning 4.0% interest compounding daily. How long will it take for the balance to grow
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Suppose you deposited $10,000 in a savings account earning 4.0% interest compounding daily. How long will it take for the balance to grow to $20,000? Answer in years rounded to one decimal place. Numeric Answer: You plan to make annual deposits of $5,000 into an account at the beginning of each year for the next 11 years. If you can earn 4.0% interest, what will your final balance be by the end of 11 years? Round to the nearest cent. Numeric 2.
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