Suppose you invest $200 in a fund earning simple interest at 4%. Three years later...
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Accounting
Suppose you invest $ in a fund earning simple interest at Three years later you withdraw the investment principal and interest and invest it in another fund earning
simple discount. Round your answers to two decimal places.
a How much time, in years, including the three years in the simple interest account will be required for the original $ to accumulate to $
years
b At what annual effective rate of compound interest would $ accumulate to $ in the same amount of time?
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