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Greg deposited $700 in his new savings account with the annual interest rate of 8% on...

Greg deposited $700 in his new savings account with the annual interest rate of 8% on April 1, 2019

(A) The interest for this savings account is compounded once every two months. Find the balance on this account on October 1, 2023 rounded to the nearest cent.

(B) With the assumptions in (A), how many years does it take for the initial investment to triple? round to one decimal place

Math   Precalculus   
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