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15 January, 08:04

how long will it take to turn $3000 into $12,000 if you are earning 6.25% interest compounded monthly?

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  1. 15 January, 11:46
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    It will take 53 months because 3000 divide by 6.25 = 480 and 12000-3000=900 and 900 divided by 480 = 53
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