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DAC Inc. has been offered the opportunity of investing $165,984 now. The investment will earn 7% per year and at the end of its life
DAC Inc. has been offered the opportunity of investing $165,984 now. The investment will earn 7% per year and at the end of its life will return $400,000 to DAC. How many years must DAC wait to receive the $400,000?
A.10 B.12 C.11 D.13 E.9
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