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  3. (a) you deposit $5000 in a savings account that ea

(a) You deposit $5000 in a savings account that earns 13% simple interest per year....

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Accounting

(a) You deposit $5000 in a savings account that earns 13% simple interest per year. What is the minimum number of years you must wait to double your balance
(b) You deposit $5000 in a savings account that earns 13% compound interest per year. What is the minimum number of years you must wait to double your balance?
(Please keep two decimal places)
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