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If $4000 is deposited into an account paying 3% interest compounded annually and at the same time $2000 is deposited

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If $4000 is deposited into an account paying 3% interest compounded annually and at the same time $2000 is deposited into an account paying 5% interest compounded annually, after how long will the two accounts have the same balance? Round to the nearest year.

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Account paying 3 interest 1 t 0 03 1 Account paying 5 interest …View the full answer


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Related Book For  answer-question
College Algebra

College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

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Question Details
Chapter # 4
Section: Exercise 4.4
Problem: 145
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Question Posted: May 30, 2023 13:48:35
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