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Question 10 (3.3 points) Peachtree State Bank is offering a savings deposit account with a stated nominal interest rate of 5.4% per annum. Interest is
Question 10 (3.3 points) Peachtree State Bank is offering a savings deposit account with a stated nominal interest rate of 5.4% per annum. Interest is paid quarterly. Morris Moneybaggs plans to deposit $10,000 into the account today and wants to accumulate $30,000 in the account. How many years will it take to accumulate $30,000 in the account? State your answer to 2 decimal places. 20.89 years 20.48 years 17.06 years 13.18 years 12.92 years Previous Page Page 10 of 30
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