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Today, 20:56

On January 1, 1990, Emilio deposited $1650 into a savings account paying 6.2% interest compounded monthly. If he hasn't made any additional deposits or withdrawals since then, and if the interest rate has stayed the same, in what year did his balance hit $3300, according to the rule of 72?

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  1. Today, 22:30
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    1990 + 11 = 2001 this would give you the answer of 2001
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