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Please show using an EXCEL formula. If an ounce of gold, valued at $780, increases at a rate of 8.3 percent per year, how long

image text in transcribed Please show using an EXCEL formula.

If an ounce of gold, valued at $780, increases at a rate of 8.3 percent per year, how long will it take to be valued at $1,000? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Number of years

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