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Problem:

On your ninth birthday, you received $300 which you invested at 4.5 percent interest, compounded annually. Your investment is now worth $757. How old are you today?

A. age 29

B. age 30

C. age 31

D. age 32

E. age 33

Explain in detail.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91146127

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