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12-06-2019
Mathematics

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How long would it take for $45 to increase $150 at 6% compounded annually? (Answer to the nearest year.)

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destg27 destg27

12-06-2019

Answer:

It wil take approximately 20 years 7 months and 29 days for the account to go from $45 to $150, or 21 years rounded to the nearest year.

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