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5. Kennedy is trying to become a multi-millionaire. If she saves $1,250 each month starting immediately, how many years until she accumulates S4 million? Assume

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5. Kennedy is trying to become a multi-millionaire. If she saves $1,250 each month starting immediately, how many years until she accumulates S4 million? Assume her deposits are made into a mutual fund which she expects can earn 8.30% per year, compounded monthly. Q#5 2 N (years) RATE FV PV PMT C/Y Ann Due 39 40

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