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You expect to receive $11,000 at graduation in two years. You plan on investing it at 9 percent until you have $91,000. How long will

You expect to receive $11,000 at graduation in two years. You plan on investing it at 9 percent until you have $91,000. How long will you wait from now?

Multiple Choice

  • 29.70 years

  • 24.52 years

  • 26.52 years

  • 29.17 years

  • 22.52 years

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