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3 years ago

9

Bill invests $3000 in a bound fund with an interest rate of 9% per year. If bill does not withdraw any money, in how many years

will his bond fund be worth $5000?

1 answer:

GenaCL600 [577]3 years ago

6 0

Answer:

around 5.93 years

Step-by-step explanation:

A=P(1 + r/n)^n(t)

5000=3000(1 + .09/1)^1(t)

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