Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 27P
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Question
![How many years will it take $540 to grow to
$11,515.44 if it is invested at 12 percent
compounded annually?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F82552380-c395-4baa-9c3f-da9886d230f0%2F05b8e420-acbc-4edf-a587-421fd8a30375%2Fti10bx8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:How many years will it take $540 to grow to
$11,515.44 if it is invested at 12 percent
compounded annually?
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