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The national average interest rate for Savings Account is 0.13%. Calculate the time it will take to you double your money based up on the following scenarios: ● You’re getting a 0.05% interest rate and currently have $1,000 in your account. ● You’re getting 0.49% interest rate and currently have $40,000 in your account. ● You’re getting 0.8% interest rate and currently have $500 in your account.

asked
User Wowandy
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8.8k points

1 Answer

4 votes

Answer:

1) 1387 Years

2) 142 Years

3) 87 Years

Step-by-step explanation:

answered
User Miguelarc
by
7.8k points

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