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If a $20 Investment Is Worth $60 Today, How Long

question 66

Short Answer

If a $20 investment is worth $60 today, how long ago must that $20 have been invested at 6% interest computed twice a year? Round your answer to two decimal places. __________ years

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Definitions:

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Advanced mobile phones equipped with internet access and a wide variety of applications for personal and professional use.

Web Browsing

The activity of navigating through pages on the internet using a web browser to find information or for entertainment.

PowerPoint Presentation

A slideshow created using Microsoft PowerPoint software, often used for educational, training, or business presentations.

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A message designed to persuade potential buyers of the value of a product or service, aiming to prompt a purchase decision.

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