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HW 2B Question 1 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic

HW 2B

Question 1

This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.

How many years will the following take?

$711 to grow to $15,747 if invested at 11.21 percent, compounded annually.

Round the answer to two decimal places.

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