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You deposit $200 today in a savings account that earns 6% compounded quarterly and leave the money there for 20 years. What is the n-value?
You deposit $200 today in a savings account that earns 6% compounded quarterly and leave the money there for 20 years. What is the n-value?
a | 240 | |
b | 5 | |
c | 20 | |
d | 80 |
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