2) If you deposit $3 account balance How many yea
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:2) If you deposit $3500.00 into a CD paying 1.5% interest compounded quarterly, find the
account balance after the following amount of years:
dp
How many years will it take for your money to double?
1
2
5
10
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