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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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