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How long will you have to leave the money in the account

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Your grandparents put $50,000 into a bank account earning 7.2%. You can't withdraw the money until the balance has doubled. How long will you have to leave the money in the account (to the nearest whole year)?

a. 9 years

b. 10 years

c. 12 years

d. 15 years

e. 18 years

Reference no: EM13969174

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