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You expect to receive $6,000 at graduation in two years. You plan on investing it at 10 percent until you have $94,000. How long will

You expect to receive $6,000 at graduation in two years. You plan on investing it at 10 percent until you have $94,000. How long will you wait from now?

Multiple Choice

  • 33.96 years

  • 34.57 years

  • 26.87 years

  • 28.87 years

  • 30.87 years

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