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Jack and Jill need to save $7400 toward a new car. How long will it take them if they save $310 a month earning
Jack and Jill need to save $7400 toward a new car. How long will it take them if they save $310 a month earning an annual interest of 5.9% (compounded monthly)? (Treat as an ordinary annuity.) (State your answer in years rounded to the second decimal place, e.g., 12.34) Answer:
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