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If you invest $20,000 today, how long will it take for you to have $30,000 if you manage to earn an average return of 8.50%

If you invest $20,000 today, how long will it take for you to have $30,000 if you manage to earn an average return of 8.50% per year?

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about 497 months

about 5 years

about 49 months

about 10 years

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