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An investment of $30,000 is made. How long will it take to grow to $45,000 if the interest is a nominal 6.5% per annum and
An investment of $30,000 is made. How long will it take to grow to $45,000 if the interest is a nominal 6.5% per annum and interest is calculated and compounded monthly.
Please show the working not using excel, many thanks.
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