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Suppose you have to invest $15,000 at an interest rate of 3.5% (compounded quarterly) for a period of 5 years. What will be the value

Suppose you have to invest $15,000 at an interest rate of 3.5% (compounded quarterly) for a period of 5 years. What will be the value of your investment at the end of 5 years?

9. You have $900 to invest today. In how many years will it double if you invest it at an interest rate of 11% compounded annually?

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