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You deposit $2000 into an account which pays 4.5% annual intrest compounded quarterly. How long will it take the account to double in value? ​
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You deposit $2000 into an account which pays 4.5% annual intrest compounded quarterly. How long will it take the account to double in value?

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User Knia
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6 votes

Answer: She could have the same future value and invest less than $2,000 initially if she could earn more than 64.5 percent interest.

Explanation:

User Aki K
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