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You plan to invest in bonds that pay 4.0%, compounded annually. If you invest $20,000 today, how many years will it take for your investment
You plan to invest in bonds that pay 4.0%, compounded annually. If you invest $20,000 today, how many years will it take for your investment to grow to $30,000? *
A. 5.37.
B. 7.74.
C. 8.27.
D. 10.34.
E. None of the above.
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