Use the compound interest formula: A=P(1+r/n)nt to find out how many years it would take $10,000.00 to grow to $102,857.
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Use the compound interest formula: A=P(1+r/n)nt to find out how many years it would take $10,000.00 to grow to $102,857.
Use the compound interest formula: A=P(1+r/n)nt to find out how many years it would take $10,000.00 to grow to $102,857.18, at an interest rate of 6%, compounded annually. (Give your answer to the nearest tenth.)
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