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On your second birthday, your grandparents opened an investment account in your name and made a one-time deposit of $500 into the account. The account
On your second birthday, your grandparents opened an investment account in your name and made a one-time deposit of $500 into the account. The account has earned an average annual rate of return of 12.5 percent. Today, the account is valued at $79,164.13. How old are you?
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