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2. If you deposit $5,000 today in an account paying 10%, how long does it take to grow to $15,000? Assume annual compounding (0.5 Points)

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2. If you deposit $5,000 today in an account paying 10%, how long does it take to grow to $15,000? Assume annual compounding (0.5 Points) 11.53 -11.53 Error (no answer) 3. You estimate that you will need $50,000 to spend on your wedding, due to be held four years from now. You have $15,000 to invest today. What rate of interest must you earn on your investment to cover the cost of your dream wedding? (1 Point) 35.12 Error (no answer) 8.36

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