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Bayside Corp. is attempting to build its cash reserves. Its CFO has determined that it can invest $20,000 at the beginning of each month in
Bayside Corp. is attempting to build its cash reserves. Its CFO has determined that it can invest $20,000 at the beginning of each month in an account earning 6.0% annual interest. How long (in months) will Bayside need to follow this strategy to accumulate $2,000,000? (Round your answer to the nearest whole month, e.g. 49.7 should be rounded to 50.)
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