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If $500.00 is deposited into a monthly compounded interest account that pays an annual interest rate of 4.8%. How many years will it take for

If $500.00 is deposited into a monthly compounded interest account that pays an annual interest rate of 4.8%. How many years will it take for the balance in the account to be $846.88?

25.4 years

6.0 years

11.0 years

11.2 years

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