Cicely invests 3400 in an account paying an effective


Cicely invests $3400 in an account paying an effective annual rate of interest of 6.8%. Two years later, she deposits an additional $1350 into the account. If there are no other transactions, at what time after the first investment will her account balance reach $9600? (Assume that the account earns simple interest between compoundings .) Answer = years and days. Note: Your answer for the number of years should be a whole number, while your answer for the number of days should be given to at least 3 decimal places.

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Financial Management: Cicely invests 3400 in an account paying an effective
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