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Problem 5-2 Compound Interest (LO1) New Savings Bank pays 5% interest on its deposits. If you deposit $2,600 in the bank and leave it there,

Problem 5-2 Compound Interest (LO1) New Savings Bank pays 5% interest on its deposits. If you deposit $2,600 in the bank and leave it there, will it take more or less than 20 years for your money to double? You should be able to answer this without a calculator or interest rate tables. More than 20 years Less than 20 years

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