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2. If $35 000 is invested in a hedge fund that pays 10.75% interest compounded annually, how long will it take for that investment

2. If $35 000 is invested in a hedge fund that pays 10.75% interest compounded annually, how long will it take for that investment to be worth $60 000? Include the units in your final answer and show your work for full marks. [3 marks]

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