Sydniewing Sydniewing

09-10-2020
Business

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Jed deposited $400 into a bank that offers 8.9% interest rate, compounded daily. In how many years will his balance be $800?
A. 24.1 years
B. 12.1 years
C. 17.7 years
D. 18.5 years

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Daphanelynn Daphanelynn

09-10-2020

The answer is C. I have to type at least 20 characters so I typed this sentence.

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