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How long will it take for $45,000 placed in a savings account earning​ 10% interest rate...

How long will it take for $45,000 placed in a savings account earning​ 10% interest rate per year to grow into $70,000​?

A. 5.64 years

B. 5.14 years

C. 4.64 years

D. 4.14 years

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Expert Solution

jeff jeffy answered 2 years ago
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