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Assume an investor invests 100.00 EUR today at an annual interest rate of 0.40 %. His investment goal is to increase his initial investment by

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Assume an investor invests 100.00 EUR today at an annual interest rate of 0.40 %. His investment goal is to increase his initial investment by 16 EUR. After how many years has the investor reached his investment goal if you assume simple interest calculation? Select one: A. 16 years B. 12 years C. 4 years D. 40 years

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