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You plan to invest in securities that pay 7.7%, compounded annually. If you invest $5,000 today, how many years will it take for your investment

You plan to invest in securities that pay 7.7%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $7,249.80?

a. 12.99 years b. 5.01 years c. 4.64 years d. 9.83 years e. 10.02 years

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