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How many years does it take for an annuity of $1,000 to grow to $20,000 assuming k = 7%? Options: A) 12.94 B) 13.02 C)

How many years does it take for an annuity of $1,000 to grow to $20,000 assuming k = 7%?

Options:

A) 12.94

B) 13.02

C) 14.18

D) 15.67

E) none of the above

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