Wocking1521 Wocking1521

28-02-2024
Business

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If $15,000 is invested at 6.5 annual interest compounded annually, how long would it take for the account balance to reach $50,000? Round your answer to the nearest tenth.
A. 8.5 years
B. 10.2 years
C. 12.4 years
D. 15.8 years

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