Solved: Jan murphy deposits 24800 in the la grange community bank, Finance Basics

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Jan murphy deposits 24800 in the la grange community bank

Jan Murphy deposits $24,800 in the La Grange Community Bank today, and will not make additional deposits into the account (this is not an annuity problem). If the bank pays 3.25% interest annually, how many years will it take for the account balance to grow to $51,000?

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Finance Basics: Jan murphy deposits 24800 in the la grange community bank

Reference No:- TGS02807897

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