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Mathematics, 12.11.2020 05:10 breemills9552

1. Francisco invested $5,000 into an account that earns 3% compounded quarterly. How many times will Francisco earn interest after keeping the money in the account for 5 years?

2. What will be the value of his account in 5 years if he does not make any additional deposits or
withdrawals?

3. After how many years will Francisco’s account reach $10,000

4. If Francisco wanted to double his money in 12 years, what Interest rate would his account have to earn?

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Answers: 3

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