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Suppose you deposit an amount of $16,600 today in a savings account that offers 7.90% annual interest compounded semi-annually. How many years would it take

Suppose you deposit an amount of $16,600 today in a savings account that offers 7.90% annual interest compounded semi-annually. How many years would it take to triple your amount?

a.

14.45

b.

14.18

c.

5.34

d.

6.73

e.

11.82

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