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For how many years does one have to invest 15,000 for the value of the investment to become 60,000 when the interest rate is 10%
For how many years does one have to invest 15,000 for the value
of the investment to become 60,000 when the interest rate is
10% payable quarterly?
A. | 10.25 years | |
B. | 7.10 years | |
C. | 15.55 years | |
D. | 11.33 years | |
E. | 8.24 years |
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