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Problem 2 An investment is to be placed into an account that pays annual interest at rate of 1.26%, compounded monthly. a) If $4000 is

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Problem 2 An investment is to be placed into an account that pays annual interest at rate of 1.26%, compounded monthly. a) If $4000 is invested initially, how much will be in the account after 15 years? b) How much should be invested now so that $10,000 is available in 18 years? c) How long will it take for any investment to double in value? Round to the nearest half-year

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