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Mickey & Minnie have $32 million in cash. Before they retire, they want the $32 million to grow to $103 million. How many years before
Mickey & Minnie have $32 million in cash. Before they retire, they want the $32 million to grow to $103 million. How many years before Mickey & Minnie can retire if they earn 8.7% per annum on their stash of cash? Assume annual compounding. (Enter your answer in years to 2 decimal places, e.g., 12.34)
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