Suppose you have 9,700 deposited at 4.2% compounded daily. about how long will it take your balance

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Suppose you have 9,700 deposited at 4.2% compounded daily. about how long will it take your balance to increase to $11200
in years
round your answer to the nearest tenth of a year

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Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Posted Date: May 11, 2023 12:49 AM

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Suppose you have 9,700 deposited at 4.2% compounded daily. about how long will it take your balance

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We can use the formula for compound interest to calculate th... View the full answer

Financial Management Principles and Applications

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