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Your answer is correct Steve Finley wishes to become a millionaire. His money market fund has a balance of $144, 026 and has a guaranteed
Your answer is correct Steve Finley wishes to become a millionaire. His money market fund has a balance of $144, 026 and has a guaranteed interest rate of 8%. How many years must Steve leave that balance in the fund in order to get his desired $725,000? (Round answer to o decimal places, e.g.45) Assume that Amy Williams desires to accumulate $725,000 in 13 years using her money market fund balance of $166, 151. At what interest rate must Amy's investment compound annually? (Round answer to o decimal places, e.g. 5%) Interest rate %
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