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Posted on Jul 24, 2024

Suppose you deposited $14,000 in a savings account earning 2.6% interest compounding daily. How long will it take for the balance to grow to $27,000?

Suppose you deposited $14,000 in a savings account earning 2.6% interest compounding daily. How long will it take for the balance to grow to $27,000? Answer in years rounded to one decimal place.

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