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= 12 Assume you initially deposited $ 1000 in to an account with annual interest rate of 5% compounded monthly. You have the following data.

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= 12 Assume you initially deposited $ 1000 in to an account with annual interest rate of 5% compounded monthly. You have the following data. Initial Value =1000 Number of compounding periods = Annual interest rate Doubling time ? Using Excel worksheet answer to the following questions, a) Use a formula to generate the times 0,5,10,15... 40 years. 5% mt b) to calculate the account values, you can use v=vo v=? t=years Vo = initial value r= Annual interest rate ms interest is compounded m times annually. c) Use the above formula to determine a formula for the amount of time required for the account to double in value. To display the resulting formula, type the formula inside a textbox. d) Use the above formula to calculate the doubling time

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