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Posted on Jul 10, 2024

If an investment of $ 3 0 , 0 0 0 is earning an interest rate of 4 . 0 0 % , compounded annually,

If an investment of $

30, 000

is earning an interest rate of

4.00 %,

compounded annually, then it will take for this investment to reach

a value of $

42, 699.35 -

assuming that no additional deposits or withdrawals are made during this time.

Which of the following statements is true

-

assuming that no additional deposits or withdrawals are made?

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