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If you deposit $5000 in an account earning 3.6% APR compounded monthly, how much will you have in 2 years? Your friend deposited $5,100 in

If you deposit $5000 in an account earning 3.6% APR compounded monthly, how much will you have in 2 years?

Your friend deposited $5,100 in a fund expected to earn 12% APR compounded monthly. How many years will it take for this deposit to reach his goal of $10,500 at that rate?

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