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Jared has been depositing $2000 at the end of every 2 months, into an RESP for his daughters education. If the RESP earns 4.9% compounded

Jared has been depositing $2000 at the end of every 2 months, into an RESP for his daughters education. If the RESP earns 4.9% compounded semi-annually, calculate how long (years and months) it will take for his investments to grow to at least $50,000.

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