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How long will have to leave the money in the account

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Reference no: EM132500054

Question 1: Granny puts $35,000 into a bank account earning 4%. You can't withdraw the money until the balance has doubled. How long will you have to leave the money in the account?

Option A) 16 years

Option B) 17 years

Option C) 18 years

Option D) 19 years

Option E) 20 years

Reference no: EM132500054

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