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Solve the Problem. -Find the Number of Years for $10,800 to Grow to to Grow

Question 465

Multiple Choice

Solve the problem.
-Find the number of years for $10,800 to grow to $14,300 at 5% compounded quarterly. Round to the nearest tenth of a year.

A) 5.6 yr
B) 4.7 yr
C) 5.5 yr
D) 6.7 yr

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