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A certain amount grows at an an nual int...

A certain amount grows at an an nual interest rate of `12%`, compounded monthly. Which of the following equations can be solved to find the number of years, y. that it would take for the investment to increase by a factor of 64 ?

A

`64 = (0.01)^(12y)`

B

`1//64 = (1.04)12y`

C

`64 = (1.04)12y`

D

`8 = (1.01)6y`

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