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How many years will it take for your money to tripple if you deposit $300 in a bank account that pays 12% a year, compounded semi-annually?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How many years will it take for your money to
tripple if you deposit $300 in a bank account that
pays 12% a year, compounded semi-annually?

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