Veronica is trying to save money to do her graduate study in the USA and...

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Finance

Veronica is trying to save money to do her graduate study in the USA and she can invest 25,000 CAD at an annual compound interest rate of 7.25%. She would need 40,000 CAD for her study. How long does she need to wait until her investment grows into the required 40,000 CAD?

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