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How many years has charlie owned the bear

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Reference no: EM133009949

Problem 1: Charlie just found out that his old beanie baby bear is worth $42,000 today. He originally bought it for $4.50. If the bear's worth grew by 55% annually, how many years has Charlie owned the bear?

Group of answer choices

Option 1: 21.50 years

Option 2: No solution / error

Option 3: 20.86 years

Option 4: 250.30 years

Reference no: EM133009949

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