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Future value of an investment

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Reference no: EM131335647

At the end of t years, the future value of an investment of $9000 in an account that pays 9% APR compounded monthly is 9000(1+.09/12)12t dollars. Assuming no withdrawals or additional deposits, how long will it take for the investment to reach $27,000? Round to three decimal places.

Reference no: EM131335647

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