Sandra deposits $2500 in her savings account. How many years will it take her savings account to

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Sandra deposits $2500 in her savings account. How many years will it take her savings account to increase to $5000 if she is able to earn a rate of return of 4 percent interest compounded annually? Assume Sandra will make no additional deposits to her savings account? (N)

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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