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You are guaranteed to receive $35,000 in two years. Instead of spending the money, you are going to invest it in a bank account at
You are guaranteed to receive $35,000 in two years. Instead of spending the money, you are going to invest it in a bank account at 9%. |
If you take the money and invest it, how many years from today will it be worth $170,000. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.21.) |
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