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On March 1, 1982, John deposited $2250 into a savings account paying 5.76% interest, compounded quarterly. If he hasn't made any additional deposits or withdrawals since then, and if the interest rate has stayed the same, in what year did his balance hit $4500, according to the rule of 72?

User Thenolin
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1 Answer

2 votes
the correct answer for APEX is 1994
User Aditya Garimella
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