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Mathematics, 29.09.2019 10:30 dezmondpowell

On february 1, 1990, adam deposited $5000 into a savings account paying 8.47% interest, compounded quarterly. if he hasn't made any additional deposits or withdrawals since then, and if the interest rate has stayed the same, in what year did his balance hit $10,000, according to the rule of 72?

a.1996
b.1998
c.2000
d.1994

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