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1.)How many years does it take for a deposit of $1000 to reach $2400 with an...

1.)How many years does it take for a deposit of $1000 to reach $2400 with an annual effective interest rate of 13%? ( 4 decimal places) 2)Redo Problem #1 above, but use simple interest for any fraction of a year. Answer to 4 decimals.

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