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Account with a quoted annual interest rate

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How many years will it take for 197,000 to grow to 554,000 if it is invested in an account with a quoted annual interest rate of 8% with monthly compounding of interest?

Reference no: EM132118713

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Account with a quoted annual interest rate : How many years will it take for 197,000 to grow to 554,000 if it is invested in an account with a quoted annual interest rate of 8% with monthly compounding
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