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Anne and Nick Sender estimate that they will need $17,000 to pay for their dream trip to Italy. They now have $8,000, which they can
Anne and Nick Sender estimate that they will need $17,000 to pay for their dream trip to Italy. They now have $8,000, which they can invest at an annual rate of 13%, compounded quarterly. How many years will the Senders have to wait before they can make their trip?
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