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Gary has $1,400 to invest today with his goal of having $4,000 available to purchase a new mountain bike. If he can earn 12% compounded

Gary has $1,400 to invest today with his goal of having $4,000 available to purchase a new mountain bike. If he can earn 12% compounded semiannually on his investment, how long will he have to wait to acquire new bike?

Group of answer choices

9.26 years

18.52 years

10.27 years

9.01 years

18.02 years

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