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A loan of $26,000 is made at 7.75% interest, compounded annually. After how many years will the amount due reach $40,000 or more? (Use
A loan of $26,000 is made at 7.75% interest, compounded annually. After how many years will the amount due reach $40,000 or more? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. years
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