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Mathematics, 10.05.2021 23:40 anasstasiyashpa
Now, consider a different situation. When you were born, your grandfather set up a trust for you. He put $5000 into a high growth account earning 8% annual interest
compounded continuously. Your grandfather keeps telling you he has made you a millionaire. About how old will you be when the $5000 initial investment is worth
$1.000.000
55 years old
67 years old
98 years old
60 years old
72 years old
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