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How much would have in ten years

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Reference no: EM132996074

Problem 1: What would be the compound annual interest rate you would need to double your investment of $ 4,000 in three years?

Problem 2: If your bank pays you 6% annual interest, compounded monthly, how much would you have in ten years if you invest $ 2,500 today?

Reference no: EM132996074

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