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The owner of the Hotel Paradise wants to buy a van as a courtesy vehicle. The owner wants to invest $20,000 to purchase the van
The owner of the Hotel Paradise wants to buy a van as a courtesy vehicle. The owner wants to invest $20,000 to purchase the van which costs $34,000. If the annual rate of return is 13%, how long would the owner have to wait until the owner has accumulated enough money to buy the van? O 6.05 years O 3.81 years O 5.34 years 4.34 years
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