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If $ 3 5 0 0 0 is invested in a hedge fund that pays 1 0 . 7 5 % interest compounded annually, how

If $35000 is invested in a hedge fund that pays 10.75% interest compounded annually, how long will it take for that
investment to be worth $60000? Include the units in your final answer and show your work for full marks.
[3 marks]
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