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You plan to invest in securities that pay 9.7%, 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 9.7%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to

$7,242.60? a. 4.00 years b. 7.82 years c. 8.00 years d. 3.63 years e. 10.31 years

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