If you deposit $10,000 in an account with annual rate of 9%
If you deposit $10,000 in an account with annual rate of 9% compounded semiannually, how long will it take for you to have $2,000,000 in the account?
You want $15,000 fifteen years from now. If you can earn 8% per year in your savings account, how much do you have to deposit in today?
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