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If you invest $10,000 today and it grows at annual rate of 15% (compounded monthly), how many months it will take to grow to $20,000?
If you invest $10,000 today and it grows at annual rate of 15% (compounded monthly), how many months it will take to grow to $20,000?
a. 63.51 months | |
b. 59.51 months | |
c. 55.80 months | |
d. 50.00 months |
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