Question: How many years will it take for a present value of $3,000 to grow to $9,000 assuming an interest rate of 7%? What is the

How many years will it take for a present value of $3,000 to grow to $9,000 assuming an interest rate of 7%?

What is the present value of $13,000 to be received 12 years from today? Assume interest is 9%.

If $8,000 is deposited today into an account that pays 13% annually, what will be the account balance in 10 years?

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