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Find the number of years required for $5,000.00 to grow to at least $10,616.00 when deposited at 3%, compounded semiannually (2 times a year).


 

Find the number of years required for $5,000.00 to grow to at least $10,616.00 when deposited at 3%, compounded semiannually (2 times a year). Don't forget to adjust your answer to time in years!! Round your answer to two decimal places.

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