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An account earns an annual percentage rate (APR) of 5% compounded monthly. How long would it take for a deposit in this account to triple

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An account earns an annual percentage rate (APR) of 5% compounded monthly. How long would it take for a deposit in this account to triple in value? [Choose closest] O A. 264 months B. 157 months C. 22.5 years D. 39 years

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