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How many years will take the investment to grow

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Reference no: EM132935513

Problem 1: If you make a $20,000 on investment in stock today, and hold the investment for 15 years and decide to sell the entire investment, how much money (before tax) will you receive. Interest earned on this investment has been 9% per year.

Problem 2: You make a 12,500 investment. How many years will it take the investment to grow to $18,000 if the investment earns 5% per year?

Reference no: EM132935513

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