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How many years does it take for a deposit of $1000 to reach $2150 with an annual effective interest rate of 14.9%? 5.5112 Answer correct

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How many years does it take for a deposit of $1000 to reach $2150 with an annual effective interest rate of 14.9%? 5.5112 Answer correct to 4 decimals. Redo Problem #1 above, compounding for each complete year, but using simple interest for any remaining fraction of a year at the end. (This is what is actually done in practice.)

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