nt Use A = P(1+)" where: A = the amortized amount (total loan/investment amount over the life of the loan/investment) P = the initial amount of the loan/investment r = the annual rate of interest n = the number of times interest is compounded each year t = the time in years Find how long it takes a $1, 700.00 investment to earn $290.00 in interest if it is invested at 4% compounded annually. It will take years. (Round answer to 3 decimal places.)

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