Suppose that $3000 is placed in a savings account at an annual rate of 2.7%, compound monthly.

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Suppose that $3000 is placed in a savings account at an annual rate of 2.7%, compound monthly. Assuming that no withdrawals are made, how long will it take for the account to grow to $4500?

Posted Date: Jun 26, 2024 12:18 AM

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Suppose that $3000 is placed in a savings account at an annual rate of 2.7%, compound monthly.

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