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Ashley deposited $20,000 in an investment account on the day her son was born to help pay for tuition when he goes to college

Economics

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Ashley deposited $20,000 in an investment account on the day her son was born to help pay for tuition when he goes to college. If the account was worth $100,000 seventeen years after she made the deposit, what was the rate of return on the account? 8. How many years will it take for a uniform annual deposit to accumulate 10 times the size of a single deposit at a rate of 8% per year?