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You expect to receive $ 7 , 0 0 0 at graduation in two years. You plan on investing it at 9 percent until you

You expect to receive $7,000 at graduation in two years. You plan on investing it at 9
percent until you have $109,000. How long will you wait from now?
Multiple Choice
33.86 years
37.24 years
37.92 years
29.86 years
31.86 years
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