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(A) Your friend deposits $10,000 in an account today in hope that it grows to $15,000 in 7 years. What annual compounded rate would she

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(A) Your friend deposits $10,000 in an account today in hope that it grows to $15,000 in 7 years. What annual compounded rate would she need to earn? (Provide answer to nearest basis point, as in "12.34%" or "0.1234") (B) Suppose your friend then realizes she can expect to earn 9% APR compounded monthly in another investment vehicle. If she earns that rate, how many years would it take to realize the above $15,000 goal? (Round number of years to nearest hundredth, as in "1.23" years)

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