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Questions 2 a) Suppose, you have deposited $40000, and you will get $140000 back after 8 years. What interest rate will you earn from this

Questions 2

a) Suppose, you have deposited $40000, and you will get $140000 back after 8 years. What interest rate will you earn from this investment?

b) How long will it take for $80000 to become $280000 if you can earn 8% interest?

[N:B Please solve this with all details and formula and write in word file]

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