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1 . 2 0 A capital investment firm paid $ 1 . 5 million 2 years ago to acquire part - ownership in an innovative

1.20 A capital investment firm paid $1.5 million 2 years ago to acquire part-ownership in an innovative chip making company. How long will it take from the date of their initial investment for their share of the chip company to be worth $3 million, if the company is realizing a 20% per year return?
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