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ou have just deposited $10,000 into an investment that pays interest of 6.0%, compounded monthly . If you make no further deposits, how long will
ou have just deposited $10,000 into an investment that pays interest of 6.0%, compounded monthly. If you make no further deposits, how long will you have to wait until your balance reaches $12,000?
Multiple Choice
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3.13 years
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6.17 years
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36.6 years
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12.00 years
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3.05 years
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