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    How Long Will It Take $3,000 to Grow to $8,500
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How Long Will It Take $3,000 to Grow to $8,500

Question 251

Question 251

Short Answer

How long will it take $3,000 to grow to $8,500 if the investment earns interest at the rate of 18% / year compounded monthly? Round your answer to the nearest tenth.
​
__________ year(s)

Correct Answer:

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