Question: Example 9: Solve the following compound interest problems. a) You invest $30,000 in an account that earns 4% APR compounded monthly. How long will it

Example 9: Solve the following compound interest problems. a) You invest $30,000 in an account that earns 4% APR compounded monthly. How long will it take for the account to increase by 50% ? b) You want to invest $10,000 in a CD earning 2.5% compounded monthly. How long will it take for the CD to be worth $17,000

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