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This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial

This set of problems is designed to be calculated using theExcel or financial calculator.You can also use algebraic formulas. Do not use financial tables to calculate these problems.

How many years will the following take?

$480 to grow to $32,653 if invested at 12.71 percent, compounded annually.

Round the answer to two decimal places.

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