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How many years will it take for the value

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Problem - You purchase a grove of Linden trees today for $18,500. If its value increases by a compounded rate of 6.4% per year, how many years will it take for the value to rise to $53,000?

A. 18.335

B. 44.764

C. 16.966

D. 17.299

E. 19.396

Reference no: EM132957124

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