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5) John Kaminski just received a signing bonus of $1,400,000. His plan is to invest this payment in a fund that will earn 5%, compounded
5) John Kaminski just received a signing bonus of $1,400,000. His plan is to invest this payment in a fund that will earn 5%, compounded annually. If John plans to establish the John the Tank Foundation once the fund grows to $1,876,000, how many years until he can establish the foundation?
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