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how to solve You have $10,700 that you can invest in a savings account that earns 9.0% interest, compounded annually. If you want to withdraw

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You have $10,700 that you can invest in a savings account that earns 9.0% interest, compounded annually. If you want to withdraw at least $18,700 at some point in the future, how long will you need to keep the money invested? (Future Value of S1, Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to nearest dollar amount) Multiple Choice 9 years 10 years

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