BONUS CASE 2-3

3. If you put $1,000 into a savings account and earned 6% per year, how much money would you have in the account after 48 years? Your original $1,000 would double in 12 years (72 divided by 6 equals 12). There are four 12-year periods in 48 years, so the amount would double four times: $2,000, $4,000, $8,000, for an end amount of $16,000. 4. ................
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