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  3. you currently have 1500 present value in an account that...

Question: you currently have 1500 present value in an account that...

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You currently have $1,500 (Present Value) in an account that has an interest rate of 6% per year compounded annually (1 times per year). You want to withdraw all your money when it reaches $3,000 (Future Value). In how many years will you be able to withdraw all your money? The number of years is Round your answer to 1 decimal place.
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