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I now have $12,000 in the bank earning interest of .50% per month. I need $22,000 to make a down payment on a house. I

I now have $12,000 in the bank earning interest of .50% per month. I need $22,000 to make a down payment on a house. I can save an additional $100 per month. How long will it take me to accumulate the $22,000? (Do not round intermediate calculations. Round your answer to 2 decimal places. Use a financial calculator or Excel.)

Time required_________ months

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