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Company Z needs $12,000,000 in a few years for purchasing a building. The company plans to invest $5,068,920 today in an account that pays

Company Z needs $12,000,000 in a few years for purchasing a building. The company plans to invest $5,068,920 today in an account that pays 9% interest compounded annually. How many years will it take for Company Z to grow its initial investment to $12,000,000? A. 8 years. B. 9 years. C. 10 years. D. 11 years.

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