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You have deposited $ 5 , 0 0 0 today in an account that will pay interest of 1 0 percent compounded annually. You need

You have deposited $5,000 today in an account that will pay interest of 10 percent compounded annually. You need to accumulate $8,857.80 for a vacation trip. How many years does the investment have to remain in the account?
Note: No additional deposits will be madejust the initial deposit of $5,000 today.
5 years
8 years
7 years
6 years

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