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I now have $30,000 in the bank earning interest of 0.75% per month. I need $40,000 to make a down payment on a house. I

I now have $30,000 in the bank earning interest of 0.75% per month. I need $40,000 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 $40,000?

Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Use a financial calculator or Excel.

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