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please answer both questions. You placed $1,261 in a savings account today that earns an annual interest rate of 15 percent compounded annually. How much

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please answer both questions.

You placed $1,261 in a savings account today that earns an annual interest rate of 15 percent compounded annually. How much you will have in this account at the end of 8 years? Assume that all interest received at the end of the year is reinvested the next year. Round the answer to two decimal places. Upon graduating from college, you make an annual salary of $93,208. You set a goal to double it in the future. If your salary increases at an average annual rate of 9.20 percent, how long will it take to reach your goal? Round the answer to two decimal places

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