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You invest today $20,000 in a risky bond portfolio yielding 8.76% per year. Estimate how long it takes for the portfolio to reach $36,000. That

You invest today $20,000 in a risky bond portfolio yielding 8.76% per year. Estimate how long it takes for the portfolio to reach $36,000. That is, estimate N in years. 7.0 years 5.3 years 4.0 years 6.0 years

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