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1. How many years will it take a $700 balance to grow into $900 in an account earning at 5%? 2. If you borrow $1000
1. How many years will it take a $700 balance to grow into $900 in an account earning at 5%?
2. If you borrow $1000 and pay back $1728 in three years, what annual rate of interest are you paying?
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