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Mr. Smith is planning to invest $10,000 in a savings account that earns a fixed interest rate of 5% per annum. He wants to know

Mr. Smith is planning to invest $10,000 in a savings account that earns a fixed interest rate of 5% per annum. He wants to know how long it will take to reach his investment goal of $20,000. Assume that the interest is compounded annually. How long will it take for Mr. Smith to reach his investment goal?

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