MONEY Diane deposited $500 into a bank account that pays an annual interest rate r of 3%

Chapter 0, Problem 48

(choose chapter or problem)

MONEY Diane deposited $500 into a bank account that pays an annual interest rate r of 3% compounded quarterly. Use A = P (1 + _r n) nt to find how long it will take for Dianes money to double.

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