Question
$1500 is invested in an account that accrues 2% interest. How many years will it take for the account balance to reach $5000?
$1500 is invested in an account that accrues 2% interest. How many years will it take for the account balance to reach $5000?
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It would take approximately 61 years for the account balance to reach ...Get Instant Access to Expert-Tailored Solutions
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Introduction to Corporate Finance What Companies Do
Authors: John Graham, Scott Smart
3rd edition
9781111532611, 1111222282, 1111532613, 978-1111222284
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