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Given an opportunity to invest in an account that will pay an annual interest rate of 5%. How many years will it take to quadruple
Given an opportunity to invest in an account that will pay an annual interest rate of 5%. How many years will it take to quadruple the initial investment?
a. 20.49 years
b. 28.41 years
c. 35.35 years
d. 18.63 years
e. None of the above
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