Ashesnwine9218 Ashesnwine9218

08-04-2024
Business

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How many years does it take an investment of $10,000 to increase in value to $16,000 at the annual rate of 3.5%, compounded monthly?
A) 13.05
B) 13.25
C) 13.35
D) 13.15
E) 13.45

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