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Reuben deposited $2500 into an account with a 6% annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take
Reuben deposited $2500 into an account with a 6% annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take for the investment ti grow to $4000? Do not round any intermediate computations, and round your answer to the nearest hundredth. If necessary, refer to the financial formulas.
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