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  3. you invested $12,000 in a term deposit that paid 7

You invested $12,000 in a term deposit that paid 7.5% compounded quarterly. If the term...

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Accounting

You invested $12,000 in a term deposit that paid 7.5% compounded quarterly.

If the term deposit is now worth $17,120, how many YEARS ago did you buy term deposit?

Leave your answer in 2 decimal points.

Answer & Explanation Solved by verified expert
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