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Mathematics, 02.03.2021 02:00 fordkenae
You currently have $9,200 (Present Value) in an account that has an interest rate of 6% per year compounded annually (1 times per year). You want to withdraw all your money when it reaches $20,240 (Future Value). In how many years will you be able to withdraw all your money?
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You currently have $9,200 (Present Value) in an account that has an interest rate of 6% per year com...
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