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How many years does it take for the account balance

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Question - You deposit 125 into an account which pays an annual effective discount rate of d. If the balance of the account is less than 150, d = 4%. If the account balance is between 150 and 200, the effective rate of discount is d = 5%. If the account balance is greater than 200, the effective rate of discount is d = 6%. How many years does it take for the account balance to grow to 225?

Reference no: EM133113415

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