Question: 2nd time posting, the first time didn't help at all. Please help! If you deposited $5,000 in your saving account three years ago and you
2nd time posting, the first time didn't help at all. Please help!
- If you deposited $5,000 in your saving account three years ago and you will collect them now as $5,955.08:
- What was your account interest for the past three years? Use excel sheet to show your calculations, take a snap shot and paste it in the MS Word answer document.
- Using the same interest rate that you calculated if you left your money in the bank how long would it take for the initial deposited amount to double?
- Use the tables in the back of the book to find the discount factor of an institution that provides 11% compound interest after 6 years of investment. Which institution would you prefer, this one or the first one? Why?
Use the Table below for help:

II.0\%
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