Mathematics, 22.06.2020 05:57 julissa848

On February 1, 1990, Adam deposited $5000 into a savings account paying 8.47% interest, compounded quarterly. If he hasn't made any additional deposits or withdrawals since then, and if the interest rate has stayed the same, in what year did his balance hit $10,000, according to the rule of 72?

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On February 1, 1990, Adam deposited $5000 into a savings account paying 8.47% interest, compounded q...