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. Sammy wants to take a sabbatical and he needs $ 9 0 , 0 0 0 to do so . Today, he has $
Sammy wants to take a sabbatical and he needs $ to do so Today, he has $ to invest at interest annual compounding In how many years will he have $
a Annual compounding? Ans: years
b If Sammys bank pays interest on a quarterly compounding convention, how many years will it take? Ans: years
c Monthly compounding? Ans: years
d Daily compounding? Ans: years
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