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Assume the firm makes a one-time investment of $79,000 today at a 11.4% interest rates and would like to have it grow to $260,000. How
Assume the firm makes a one-time investment of $79,000 today at a 11.4% interest rates and would like to have it grow to $260,000. How many years will the investment take to grow to $260,000? Assume the interest rate compounds annually.
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