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You just earned a $8,000 bonus and deposited your bonus into an account that pays 3 percent interest, compounded annually. How long will you have
You just earned a $8,000 bonus and deposited your bonus into an account that pays 3 percent interest, compounded annually. How long will you have to wait until your deposit is worth $16,000? Please find the exact number of years, not the approximate number.
72.0 yrs
15.6
23.4
20.0
17.7
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