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A person invests 7000 dollars in a bank. The bank pays 6.25% interest compounded semi-annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 11300
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A person invests 7000 dollars in a bank. The bank pays 6.25% interest compounded

semi-annually. To the nearest tenth of a year, how long must the person leave the
money in the bank until it reaches 11300 dollars?

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1 Answer

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Answer:

5.3 years or 17.2 years

Explanation:

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