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Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134105598Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134105598 Exercise 36
If you open a savings account that earns 7.5% simple interest per year, what is the minimum number of years you must wait to double your balance Suppose you open another account that earns 7% interest compounded yearly. How many years will it take now to double your balance
Explanation
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Simple Interest refers to the interest c...
Contemporary Engineering Economics 6th Edition by Chan Park
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