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You expect to receive $ 1 2 , 0 0 0 at graduation in two years. You plan on investing it at 1 1 percent

You expect to receive $12,000 at graduation in two years. You plan on investing it at 11 percent until you have $99,000. How long will you wait from now?
Multiple Choice
24.89 years
22.22 years
18.22 years
20.22 years
24.44 years

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