John Holmes is about to deposit $55,000 in a bank account that pays 7.7 percent annually....

John Holmes is about to deposit $55,000 in a bank account that pays 7.7 percent annually. How many years will it take for his investment to grow to $100,000? (Type the number only, and round to two decimal place, e.g., 7.42)

Expert Solution

jeff jeffy answered 2 years ago

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