Suppose you deposited $11,000 in a savings account earning 3.6% interest compounding daily. How long will it

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Suppose you deposited $11,000 in a savings account earning 3.6% interest compounding daily. How long will it take for the balance to grow to $22,000? Answer in years rounded to one decimal place.

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Mar 05, 2024 11:33 PM

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Suppose you deposited $11,000 in a savings account earning 3.6% interest compounding daily. How long will it

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You can use the compound interest formula to calculate ho... View the full answer

Microeconomics An Intuitive Approach with Calculus

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