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I currently have $65,381 to deposit today in a savings account that earns 15% annual return. Identify the details below that I need in order
I currently have $65,381 to deposit today in a savings account that earns 15% annual return. Identify the details below that I need in order to determine how many years it will be until I have $200,000 if the interest is compounded annually. What table must I use to find the relevant factor? Future value of single-sum Present value of single-sum Future value of ordinary annuity Present value of ordinary annuity What is the interest rate to find the relevant factor? What are the number of years (n) until I have $200,000?
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