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You plan to invest in bonds that pay 4.9%, compounded annually. If you invest $10,000 today, how many years will it take for your investment
You plan to invest in bonds that pay 4.9%, compounded annually. If you invest $10,000 today, how many years will it take for your investment to grow to $40,000?
a. 30
b. 24
c. 29
d. 26
e. 28
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