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If you save $95 at the beginning of every month for seven years, for how long can you withdraw $280 at the beginning of each
If you save $95 at the beginning of every month for seven years, for how long can you withdraw $280 at the beginning of each month starting seven years from now, assuming that interest is 5% compounded monthly? State your answer in years and months (from 0 to 11 months).
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