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Mathematics, 22.08.2019 15:50 prettydoll19

How long will money in savings take to double at 5% interest compounded annually? round the answer to the nearest hundredth of a year.

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Jenny invests $2,000 at an interest rate of 5%. the amount of money, me, in jenny's account after tyears can be represented using the equation ma-2000(1.05). if jenny would have invested the same amount of money at the same interest rate four years ago, the equation representing the amount of money mo. in her account would be represented using the equation! mg = 2000(105)*** which of the following is equivalent to mp? 2000(105) om- 1.05 2000(1.05) mo 1059 mp-2000(1.05) (105) mp - 2000(1.05) + (1.05)
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How long will money in savings take to double at 5% interest compounded annually? round the answer...

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