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Your investment account pays 5.4%, 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 5.4%, 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. 8.17 b. 12.57 c. 10.37 d. 11.47 e. 9.27
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