Question: Nancy Holmes deposited $5,500 in the bank on January 1 a few years ago. The bank pays an interest rate of 9% compounded annually, and

Nancy Holmes deposited $5,500 in the bank on January 1 a few years ago. The bank pays an interest rate of 9% compounded annually, and the deposit is now worth $11,945. How many years has the deposit been invested? Round to the nearest whole year.

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