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  3. a principal of $1600 is invested at 8.75% interest

A principal of $1600 is invested at 8.75% interest, compounded annually. How many years will...

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A principal of $1600 is invested at 8.75% interest, compounded annually. How many years will it take to accumulate $5000 or more in the account? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. years

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