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5. Francisco invested $5,000 into an account that earns 3% compounded
quarterly. How many times will Francisco earn interest after keeping the money in
the account for 5 years?
6. What will be the value of his account in 5 years if he does not make any
additional deposits or withdrawals?
7. After how many years will Francisco's account reach $10,000?
8. If Francisco wanted to double his money in 12 years, what interest rate would his account have to earn?

Sagot :

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