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Jenny wishes to double her financial fund and the bank gives her 8% rate of interest annually, how many years does Jenny needs to deposit a money to achieve her goal?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 30P: A mortgage 105m is a loan that a person makes to purchase a house. Table 19.11 provides a list of...

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Jenny wishes to double her financial fund and the
bank gives her 8% rate of interest annually, how
many years does Jenny needs to deposit a money to
achieve her goal?

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