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3. A $12,300 investment earns 4.75%/a in interest, compounded quarterly. a) Determine the value of the investment in 3 years b) How long will it

3. A $12,300 investment earns 4.75%/a in interest, compounded quarterly.

a) Determine the value of the investment in 3 years

b) How long will it take the original investment to triple in value

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