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When you were six years old, your grandparents put $50,000 into a bank account earning 4.7%. You cant withdraw the money until the balance has
When you were six years old, your grandparents put $50,000 into a bank account earning 4.7%. You cant withdraw the money until the balance has doubled. How long will you have to leave the money in the account (to the nearest whole year)?
a. 9 years
b. 10 years
c. 12 years
d. 15 years
e. 18 years
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