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The Heavens Gate Group have $41 million in cash. In order to reach the comet that will take them to a new world they need
The Heavens Gate Group have $41 million in cash. In order to reach the comet that will take them to a new world they need the $41 million to grow to $94 million. How many years will it take before the group can leave if they earn 9.5% per annum on their stash of cash? Assume annual compounding. (Enter your answer in years to 2 decimal places, e.g., 12.34)
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