Rip van winkle made a 1000 deposit in a bank that offered


Rip Van Winkle made a $1,000 deposit in a bank that offered to pay 9% interest compounded annually as long as he left it there. He then went into a deep sleep. When he woke up, his balance was $1,411.58. How many years did he sleep?

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Financial Management: Rip van winkle made a 1000 deposit in a bank that offered
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