Mathematics, 06.05.2020 05:40 isabella4141

Sally’s parents deposited $15,000 into a college savings account on her third birthday. The account had an interest rate of 9.6% compounded annually. They were hoping that the money would double twice by the time she was 18 years old. Using the rule of 72, t = StartFraction 72 Over r EndFraction will their hopes come true?

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Sally’s parents deposited $15,000 into a college savings account on her third birthday. The account...

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