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Posted on Jun 25, 2024

Suppose you have $600 today and you need $1,300 to buy a new laptop. How long will you have to wait to buy the laptop

Suppose you have $600 today and you need $1,300 to buy a new laptop. How long will you have to wait to buy the laptop if she earns 8 percent compounded annually on her money?

10.11 years

9.93 years

9.74 years

10.05 years

9.86 years

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