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(b) How long will it take the investment to reach one–quarter million dollars? Round to the nearest tenth of a year. Round values in intermediate steps to three decimal places.

(b) How long will it take the investment to reach one–quarter million dollars? Round-example-1
User Vidarious
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The amount of time it takes for $9.8 to reach one quarter million dollars will depend on the rate of return on the investment. Assuming an annual interest rate of 5%, it would take approximately 1,470 years for $9.8 to grow to $250,000. However, this assumes that the interest rate remains constant over time, which is unlikely. In reality, the rate of return on an investment can vary widely depending on a variety of factors, including economic conditions, inflation, and the performance of the specific investment.
User Marnee
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