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July 4, 2015

Homework Help: Business Math

Posted by Anonymous on Wednesday, September 18, 2013 at 4:13pm.

Alicia Eastman deposited $2,000 in a savings account at the Biltmore Bank paying 6% ordinary interest. How many years will it take for her investment to amount to $2,600?

Using the scenario from the previous question, determine the maturity date of the loan.

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