Question: 8. Use the TVM Solver on the course website to answer the following question (NO MARKS will be given for any other method used): Aram

8. Use the TVM Solver on the course website to answer the following question (NO MARKS will be given for any other method used): Aram wants that in 10years his bank account will hold double the amount of money that is in the account right now. His account is with the MathBank, a bank that offers an annual interest rate of 6.2% compounded daily. Will Aram reach his goal? (Show all the quantities that you entered in the TVM Solver and explain your answer) [T4]

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