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Jeremy Jefferson invests $100,000 into a retirement account. Jefferson expects to earn 6% interest compounded annually. Jefferson plans to retire when the account balance exceeds

Jeremy Jefferson invests $100,000 into a retirement account. Jefferson expects to earn 6% interest compounded annually. Jefferson plans to retire when the account balance exceeds $300,000. In what year will the account balance be greater than $300,000 and Jefferson will retire?

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