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Barry open a compound interest savings account and his initial deposit was $923. The account pays 3.1% annual interest and is compounded annually. How many years it would take for the balance to be $1,735? Round your answer to the nearest hundredth of a year. Example: 23.13 The following is the balance function for compound interest account where: P is the initial deposit, r is the annual interest rate, n is the number of compounding times per year, t is the number of years

User CAMason
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Answer:

The account pays 3.1% annual interest and is compounded annually. How many years it would take for the balance to be $1,735

Explanation:

User Bennygenel
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