SOLUTION: If you can get a rate of 2.3% on a savings account at a Bank, how long will it take to double your money if you deposit $2,000 to start?

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Question 1033603: If you can get a rate of 2.3% on a savings account at a Bank, how long will it take to double your money if you deposit $2,000 to start?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
If you can get a rate of 2.3% on a savings account at a Bank, how long will it take to double your money if you deposit $2,000 to start?
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Depends on the compounding period, if any.