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If $ 2 0 , 0 0 0 is put in a bank account that pays 2 4 percent interest, compounded monthly, the bank account

If $20,000 is put in a bank account that pays 24 percent interest, compounded monthly, the bank account will be worth $70,000 in years.
Calculate to two decimal points using the following formula:
=NPER(rate, payment, PV,FV,Type)
Make sure to divide the interest and final time by compounded time.
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