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If you earn 10% per year on your bank account, how long it will take an account with $500 to triple to $1500 ? (10%
If you earn 10% per year on your bank account, how long it will take an account with $500 to triple to $1500 ? (10\% is annual interest rate and given annual compounding) 15.35 years 14.27 years 11.53 years 18.85 years QUESTION 33 The sum of $6600 is deposited into an account paying 12% annually. If $700 is withdrawn at the end of year 1 , year 2 and year 3 , how much remains in the account at the end of year 3 ? $7,601.48$7,255.96$5,528.35$6,910.45 QUESTION 34 The U.S. Treasury borrowed money for 10 years, selling each I O U for $777.40. What is the interest rate? 1.025% 2.550% 1.035% 3.550%
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