Question: Please use excel spreadsheets to answer the following questions. Provide the excel formulas used. Your bank offers you an interest rate of 0.28% per month.

Please use excel spreadsheets to answer the following questions. Provide the excel formulas used.

Your bank offers you an interest rate of 0.28% per month. If you deposit $5,000 today and don't make any other contributions to your account, how many years (not months) must you wait until your account has grown to $11,000?

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