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( a ) You deposit $ 5 0 0 0 in a savings account that earns 1 3 % simple interest per year. What is

(a) You deposit $5000 in a savings account that earns 13% simple interest per year. What is the minimum number of years you must wait to double your balance
(b) You deposit $5000 in a savings account that earns 13% compound interest per year. What is the minimum number of years you must wait to double your balance?
(Please keep two decimal places)
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