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27 August, 19:20

Clara invests $5,000 in an account that pays 6.25% interest per year. After how many years will her investment be worth $10,000?

11.4 yr

14.1 yr

12.6 yr

13.7 yr

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  1. 27 August, 22:11
    0
    T=log (10000/5000) / log (1.0625) = 11.4y
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