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Please solve and draw cash flow diagram 3.1 If you open a savings account that earns 7.5% simple interest per year, what is the minimum

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3.1 If you open a savings account that earns 7.5% simple interest per year, what is the minimum num- ber of years you must wait to double your balance? Suppose you open another account that earns 7% interest compounded yearly. How many years will it take now to double your balance

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