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A family has a goal of saving $30,000 to be used as the down payment for a house. If they put $26,000 into an account
A family has a goal of saving $30,000 to be used as the down payment for a house. If they put $26,000 into an account earning 6.96% interest compounded monthly, how many years will it take until the account has $30,000 in it? Round your final answer to two decimal places
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-0176509736
