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Your investment account pays 10.8%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20?

Your investment account pays 10.8%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20?

Select the correct answer.

a. 8.28
b. 4.68
c. 5.88
d. 7.08
e. 9.48

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