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4 . The Village of Somonauk wants to accumulate $ 7 0 , 0 0 0 for the construction of a veterans monument in the

4 .

The Village of Somonauk wants to accumulate $

70, 000

for the construction of a veterans monument in the town square. At the beginning of the current year, the Village deposited $

47, 811

in a memorial fund that earns

10 %

interest compounded annually. How many years will it take to accumulate $

70, 000

in the memorial fund?

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