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How long will it take to triple $5,000? Assume that the interest rate is 5% per year compounded annually. a. 22.5 years b. 19 years

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How long will it take to triple $5,000? Assume that the interest rate is 5% per year compounded annually. a. 22.5 years b. 19 years C. 18.5 years d. 20.5 years

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