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Varya would like to accumulate a retirement fund. She can invest $100,000 in an account with a 12% annual rate of return, compounded quarterly. In
Varya would like to accumulate a retirement fund. She can invest $100,000 in an account with a 12% annual rate of return, compounded quarterly. In how many years will the account be worth $500,000? (Round your answer to the nearest number of years.)
A) 55
B) 14
C) 6
D) 24
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