What is the value of the account after three years

Reference no: EM13207010

1. At what interest rate will it take $3000 to grow to $24,000 in an account that earns interest compounded monthly for 20 years? 2. Alice invests $10,000 in an account that earns 8% simple interest annually. What is the value of the account after three years?

Reference no: EM13207010

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