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Aptitude
General Knowledge
Verbal Reasoning
Computer Science
Interview
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Compound Interest
If you deposit $5000 into an account paying 6% annual interest compounded monthly, how long until there is $8000 in the account?
6.9
7.9
8.9
9.9
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Correct Answer:
7.9
Explanation:
FV=P(1+r/n)^nt
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