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A $100,000 bond portfolio generates exactly $9,000 per year in income. Another $100,000 portfolio currently yields $7,000 per year in income, but this amount is

A $100,000 bond portfolio generates exactly $9,000 per year in income. Another $100,000 portfolio currently yields $7,000 per year in income, but this amount is expected to grow at 4 percent annually. In about how many years will the two portfolios yield equal amounts?


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