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A young man has $700 in an investment that earns 5.3% per year, compounded annually. A function that models the growth of the deposit is

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A young man has $700 in an investment that earns 5.3% per year, compounded annually. A function that models the growth of the deposit is y = 700(1. 053) where y is the value of the investment, in dollars, and x is the number of years since the deposit was made. Determine how long, to the nearest year, that it will take for the investment to be worth at least $4000

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