One bank pays 5.5 percent annual interest, while a second bank pays 4.5 percent annual interest. Determine
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One bank pays 5.5 percent annual interest, while a second bank pays 4.5 percent annual interest. Determine how much longer it will take to accumulate at least $50 000 in the second bank account if you deposit $1000 initially and $1000 at the end of each year.
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