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How many years from today does expect to have exactly

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Problem 1: Three years ago, Kuley invested $32,200. In 2 years from today, he expects to have $50,300. If Kuley expects to earn the same annual return after 2 years from today as the annual rate implied from the past and expected values given in the problem, then in how many years from today does he expect to have exactly $87,200? Round your answer to 2 decimal places (for example, 1.23 or 4.56).

Reference no: EM132928760

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