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Musa's parents deposited $ 2 0 , 0 0 0 in a long - term savings account as a wedding expenditure for their grand daughter

Musa's parents deposited $20,000 in a long-term savings account as a wedding expenditure for their grand daughter at her birth, expecting it to triple by the time she gets married. Calculate the number of years for money to triple at 5% p.a. compounded monthly.Question 1 Select one:A.18 years 7 monthsB.22 yearsC.25 yearsD.30 yearsE.22 years 6 months

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