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How long will take for shandra to have

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Reference no: EM133009965

Problem 1: Shandra has calculated that her investment of $3,000 will grow to $100,000. If she has a rate of 9% (which is then compounded monthly), how long (in years) will it take for Shandra to have her $100,000?

Group of answer choices

Option 1: 469.29 years

Option 2: 5,631.51 years

Option 3: 39.11 years

Option 4: 21.50 years

Reference no: EM133009965

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