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Five years ago, Wayne invested $5,400.00. Today, he has $8,100.00. If Wayne earns the same annual rate implied from the past and current values of
Five years ago, Wayne invested $5,400.00. Today, he has $8,100.00. If Wayne earns the same annual rate implied from the past and current values of his invsetment, then in how many years from today does he expect to have exactly $17,200.00
6.37 years (plus or minus 0.05 years) | ||
9.29 years (plus or minus 0.05 years) | ||
11.84 years (plus or minus 0.05 years) | ||
14.29 years (plus or minus 0.05 years) | ||
None of the above is within .05 percentage points of the correct answer |
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