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Janice Has $5,000 Invested in a Bank That Pays 6

Question 148

Multiple Choice

Janice has $5,000 invested in a bank that pays 6.2% annually.How long will it take for her funds to triple?

A) 13.70 years
B) 18.26 years
C) 22.10 years
D) 19.36 years
E) 15.16 years

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