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16. (1pt) You found a savings account opportunity that is paying 6% APR compounded monthly. You have $5,000 to invest today and need $6,500 for

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16. (1pt) You found a savings account opportunity that is paying 6% APR compounded monthly. You have $5,000 to invest today and need $6,500 for a down payment you want to make on a car at some point in the future. How long will you need to leave your money in this account to achieve your goal? Note: Think about what the periods are that you are solving for

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