Calculate the time period of an investment

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1. How much did Speedy Movers borrow for a debt that accumulated to $58,380.67 in four years? The interest rate was 3.25% compounded semi-annually.

2. Calculate the time period of an investment in a mutual fund that matured to $63,524.32 yielding interest of $11,732.48 at 6.36% compounded monthly.

Reference no: EM133119613

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