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If $5,000 is invested at 9% annual interest compounded quarterly, how long would it take for the account balance to reach $20,000? Round your answer

If $5,000 is invested at 9% annual interest compounded quarterly, how long would it take for the account balance to reach $20,000? Round your answer to the nearest tenth.

SAVE & CONTINUE

12.9 years

14.1 years

13.7 years

15.6 years

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