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Suppose you deposit an amount of $16,600 today in a savings account that offers 7.90% annual interest compounded semi-annually. How many years would it take
Suppose you deposit an amount of $16,600 today in a savings account that offers 7.90% annual interest compounded semi-annually. How many years would it take to triple your amount?
a. 14.45
b. 14.18
c. 5.34
d. 6.73
e. 11.82
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