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Assume that you wish to save $ 8 , 5 0 0 for your future wedding. If the interest rate you can earn on your
Assume that you wish to save $ for your future wedding. If the interest rate you can earn on your savings is per year and you make payments of $ into your savings account at the end of each month, how many years will it take you to reach your savings target?
Note: Report your answers as the number of years rounded to two decimal places.
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