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How long grow with a eight percent compounded annually

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Reference no: EM132745882

Problem 1: At what rate must RM50,000 to grow to 406,855 in 15 years compounded annually?

Select one:

a. 19%

b. 20%

c. 18%

d. 15%

Problem 2: How long RM152,091.826 grow to RM708,900 with a 8% compounded annually?

Select one:

a. 12 years

b. 15 years

c. 20 years

d. 10 years

Reference no: EM132745882

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