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Suppose you deposit $2000 in a savings account that pays at an annual rate of...

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Algebra

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Suppose you deposit $2000 in a savings account that pays at an annual rate of 4%. If no money is added or withdrawn from the account, how many years will it take for the account to contain $3000?A = P(1+r)^nSelect one:a. 6 yearsb. 8 yearsc. 11 yearsd. 4 years

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