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Mathematics, 21.05.2021 21:00 amadileaks

Doug invests in his company's retirement system by depositing $2400 into an account that pays 8% interest compounded quarterly. Approximately how long will Doug need to leave his money in the
account for it to have a balance of $25,000?
A) 30 years
B) 29.6 years
C) 29.3 years
D) 0.5 year

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