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04-03-2021
Mathematics

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Bill invests $3000 in a bound fund with an interest rate of 9% per year. If bill does not withdraw any money, in how many years will his bond fund be worth $5000?

Respuesta :

04-03-2021

Answer:

around 5.93 years

Step-by-step explanation:

A=P(1 + r/n)^n(t)

5000=3000(1 + .09/1)^1(t)

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