Answer:
30 years
Explanation:
Given data
P=$17,000
A= $41,000
R=2.95%
the expressio for the time is
t= ln(A/P)/r
t= ln(41,000 /17000)/0.0295
t= ln(2.41176)/0.0295
t= 0.8803/0.0295
t= 29.8
about 30 years
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