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Ethan Has $20,000 to Invest Today at an Annual Interest

Question 60

Multiple Choice

Ethan has $20,000 to invest today at an annual interest rate of 4%.Approximately how many years will it take before the investment grows to $40,500?


A) 18 years.
B) 20 years.
C) 16 years.
D) 11 years.

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