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How many years will wait till

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Problem 1: Becca has $5,500 that she wants to invest today to grow into $20,000. She finds an investment that earns 13.5% with monthly compounding. How many years will she wait till she has the $20,000?

Group of answer choices

Option 1: 122.34 years

Option 2: 9.62 years

Option 3: 115.40 years

Option 4: 10.19 years

Reference no: EM133009952

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