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Posted on Oct 05, 2024

If $ 6 , 0 0 0 is invested at 8 % annual interest compounded monthly, how long would it take for the account balance

If $

6, 000

is invested at

8 %

annual interest compounded monthly, how long would it take for the account balance to reach $

24, 000 ?

Round your answer to the nearest tenth.

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