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Steve Newman will invest $10,240 today in a fund that earns 12% annual interest. Click here to view factor tables. How many years will it take for the fund to grow to $50,044? (Round answer to O decimal places, e.g. 125.) Years

Steve Newman will invest $10,240 today in a fund that earns 12% annual interest. Click here to view factor tables. How many years will it take for the fund to grow to $50,044? (Round answer to O decimal places, e.g. 125.) Years

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Steve Newman will invest $10,240 today in a fund that earns 12% annual interest. Click here to view factor tables. How many years will it take for the fund to grow to $50,044? (Round answer to O decimal places, e.g. 125.) Years
Transcribed Image Text:Steve Newman will invest $10,240 today in a fund that earns 12% annual interest. Click here to view factor tables. How many years will it take for the fund to grow to $50,044? (Round answer to O decimal places, e.g. 125.) Years
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