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5. Fatima deposited $ 8000 in an account paying 8 % interest compounded quar- terly. How much time (in years) is required to reach $

5. Fatima deposited $ 8000 in an account paying 8 % interest compounded quar- terly. How much time (in years) is required to reach $ 16000? (a) 14 (b) 13 (c) 15.25 (d) 8.75

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