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Tom invested $10,000 at a rate of 6% compounded annually. How long will it take for the investment to grow to $40,000? 1.33 years 4.00

Tom invested $10,000 at a rate of 6% compounded annually. How long will it take for the investment to grow to $40,000?

1.33 years

4.00 years

23.79 years

50.00 years

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