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How long will be required for an investment of $200 to increase to $2,420 if interest rate is 12% per year compounded annually? a. 21

  • How long will be required for an investment of $200 to increase to $2,420 if interest rate is 12% per year compounded annually?

  • a. 21
  • b. 22
  • c. 20
  • d.  23
  • e. NONE

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