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Gilbert purchased several gold coins for $20,000. Today he sold the coins for $55, 045.91, Gilbert estimated the average annual rate of return (compounded monthly)

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Gilbert purchased several gold coins for $20,000. Today he sold the coins for $55, 045.91, Gilbert estimated the average annual rate of return (compounded monthly) on the coins was 12%. Approximately how many years did Gilbert own the coins? (rounded to the nearest .000) 7.2822 10.1121 8.4791 9.6624

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