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Q 11 and Q 12 please Question 11 (0.2 points) David has a savings account with a 2,000 balance today. The account earns an annual
Q 11 and Q 12 please
Question 11 (0.2 points) David has a savings account with a 2,000 balance today. The account earns an annual percentage rate of interest of 1.75%, compounded monthly. David plans to make no other deposits or withdrawals. How many years will it take David's account balance to double? Your Answer: Answer | Question 12 (0.2 points) You want to buy your dream car which will cost you $5500. If you could invest your entire savings of $3500 at an annual interest of 12%, how long (in years rounded to two decimal places) would you have to wait until you have accumulated enough money to buy the car? Your Answer: * Step by Step Solution
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