A loan of $17,000 is made at 6.5% interest compounded annually. After how many years will the amount due reach $43,000or more? Write the smallest possible whole number answer.

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30-09-2021
Mathematics

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A loan of $17,000 is made at 6.5% interest compounded annually. After how many years will the amount due reach $43,000or more? Write the smallest possible whole number answer.

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