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24 March, 16:51

How long will it take for $4,500 to grow to $10,000 if it is invested in an account paying 3.25% interest per year compounded annually?

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  1. 24 March, 17:19
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    The formula is:

    10,000=4500 (1.0325) ^x

    you just need to simplify this down and you should be set!
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