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You Invest $4,000\$ 4,000 In an Account Earning 4%4 \% Annual Interest $8,000\$ 8,000

Question 47

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You invest $4,000\$ 4,000 in an account earning 4%4 \% annual interest. At the same time, you invest $8,000\$ 8,000 in a different account earning 2%2 \% annual interest. In both accounts, the interest is compounded continuously. When do the accounts each hold the same amount? Round your answer to the nearest year.

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