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Posted on Jul 25, 2024

How long will it take $ 4 0 0 to accumulate to $ 8 0 0 at j 1 2 = 1 4 % ?

How long will it take $

400

to accumulate to $

800

j_{12} = 14 % ?

Assume that the exact method of accumulation is in effect.

Answer: years, months and days

Note: Carry four decimal places through all calculations. Your answers should be integers.

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