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You currently have $130,000 invested in shares and at the end of each year you save $3,000 from your wages to buy more shares, adding
You currently have $130,000 invested in shares and at the end of each year you save $3,000 from your wages to buy more shares, adding to your portfolio. If the shares' total expected return is 13% pa and all dividends are re-invested, calculate how many years it will take your share portfolio to reach $300,000. Round your answer up to the nearest year. Select one: O a. 7 years O b. 8 years C. 9 years O d. 10 years O e. 11 years
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