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    Business Mathematics Study Set 1
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    Exam 9: Compound Interest: Further Topics and Applications
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    Your Client Invests $10,000 Today at a Rate of Return
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Your Client Invests $10,000 Today at a Rate of Return

Question 42

Question 42

Short Answer

Your client invests $10,000 today at a rate of return of 7.7% compounded quarterly. Rounded to the nearest month, how long will it take the investment to grow to $22,000?

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10 years a...

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