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Jane smith has $20,000 in a brokage account , and she plans to contribute an additional $7500 to the account at the end of every
Jane smith has $20,000 in a brokage account , and she plans to contribute an additional $7500 to the account at the end of every year. The brokage account has an expected annual return of 8 percent. If Janes goal is to accumulate $375, 000 in the account , how many years will it take for jane to reach her goal .please solve with using with formulas and calculations.
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