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A new family set a financial goal to save $110,000 for their son's education. How many years will it take them to accumulate $110,000 with

A new family set a financial goal to save $110,000 for their son's education. How many years will it take them to accumulate $110,000 with an annual payment of $4,000 if the interest rate is 7% compounded annually? Use the annuity formula below to calculate the answer. Solve for n. FV=PMT((1+i)n1i)PMT is the amount deposited every year n is the number of years i is the compound interest rate FV is the accumulated amount years Round to two decimal places

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