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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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