Question: James has $ 1 2 , 0 0 0 saved in a no interest account and decides to invest it into a long - term

James has $12,000 saved in a no interest account and decides to invest it into a long-term asset. He hopes to turn the $12,000 into $25,000. If the asset has a return of 12%, how long will it take him to reach his goal?

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