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You expect to receive a payout from a trust fund in 5 years. The payout will be for $10,600. You plan to invest the money
You expect to receive a payout from a trust fund in 5 years. The payout will be for $10,600. You plan to invest the money at an annual rate of 6.4 percent until the account is worth $18,400. How many years do you have to wait from today?
12.50 years
13.89 years
12.35 years
10.42 years
8.89 years
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