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Trava [24]
3 years ago
9

you invest $4500 into a bank account that earns 2.5% apr monthly for 8 years. how much will be in the bank account at the end of

8 years? and how long will it take for your account to double in value?
Mathematics
1 answer:
antiseptic1488 [7]3 years ago
4 0
4,500×(1+0.025÷12)^(12×8)
=5,495.17

72÷2.5
=28.8 years
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