1) Roughly how many years would it take to turn $ 1000 into $ 16000 if...

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1) Roughly how many years would it take to turn $ 1000 into $ 16000 if you can invest the money at 9% per year, compounded annually? 1) Roughly how many years would it take to turn $ 1000 into $ 16000 if you can invest the money at 9% per year, compounded annually?

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t 5454 years about 5 years 5 months Calculation Steps Therefore we have to first convert R as a pe... View the full answer