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2. Bob wants to save $75,000 for a luxury catamaran. As of today, he has saved $32,000 in a fund that is expected to earn

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2. Bob wants to save $75,000 for a luxury catamaran. As of today, he has saved $32,000 in a fund that is expected to earn 8.5% compounded quarterly for the indefinite future. Assuming he makes no additional investments in the fund, how long will it take (in years) to accumulate the amount he needs? 5 pts

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