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Use logarithms to solve the problem. How long will it take $12,000 to grow to $17,000 if the investment earns interest at the rate of

Use logarithms to solve the problem.

How long will it take $12,000 to grow to $17,000 if the investment earns interest at the rate of 4%/year compounded monthly? (Round your answer to two decimal places.)

yr

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