Question: Consider $3 tripling in value every six months. What's the resulting amount after 5 years? Round to nearest dollar. Suppose you deposited $3,000 in a

Consider $3 tripling in value every six months. What's the resulting amount after 5 years? Round to nearest dollar. Suppose you deposited $3,000 in a savings account earning 3.4% interest compounding daily. How long will it take for the balance to grow to $8,000 ? Answer in years rounded to one decimal place. (e.g., 2.4315 years >2.4 )

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