You deposit $5,000 in a savings account that earns 8% simple interest per year. What is the

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You deposit $5,000 in a savings account that earns 8% simple interest per year. What is the minimum number of years you must wait to double your balance?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Posted Date: Mar 07, 2021 12:18 PM

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You deposit $5,000 in a savings account that earns 8% simple interest per year. What is the

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Simple interest Future value Present value interest Future value 2 x5000100... View the full answer

Fundamentals of Engineering Economics

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