Calculation of Years Kelly Seaver has decided to start saving for her daughters college education. Kelly wants

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Calculation of Years Kelly Seaver has decided to start saving for her daughter’s college education. Kelly wants to accumulate $41,000. The bank will pay interest at the rate of 4% compounded annually.

If Kelly plans to make payments of $1,600 at the end of each year, how long will it take her to accumulate $41,000?

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