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1A. You plan to invest in securities that pay 8.0%, compounded annually. If you invest $5,000 today, how many years will it take for your
1A.
You plan to invest in securities that pay 8.0%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to double?
1B.
You deposit $12,000 today into an account that pays you 12% annual interest, compounded daily. How much do you have in 40 years?
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