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Carlos needs $ 2 3 , 0 8 0 for a future project. He can invest $ 5 0 0 0 now at an annual
Carlos needs $ for a future project. He can invest $ now at an annual rate of compounded semiannually. Assuming that no withdrawals are made, how long will it take for him to have enough money, forhis project?
Do not round any intermedate computations, and round your answer to the nearest hundredth.
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