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using an interest rate of 9% how long will it take if semiannual deposits of $500 (i.e. $500 per six month) to grow to $3,000?

using an interest rate of 9% how long will it take if semiannual deposits of $500 (i.e. $500 per six month) to grow to $3,000?

A. 3 years

B. 5.01 years

C. 2.51 years

D. 2.72 years

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