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What the term under consideration is

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Reference no: EM132755752

Problem 1: If R35 000 accumulates to R48 320 at a continuous compounded rate of 8,6% per year, then the term under consideration is?

Option 1: 6,23 years.
Option 2: 3,75 years.
Option 3: 3,91 years.
Option 4: 4,43 years.
Option 5: 2,77 years.

Reference no: EM132755752

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