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Jerry wants to save $90,000 for the down payment on a building. He recently won the lottery in the amount of $50,000 that he can
Jerry wants to save $90,000 for the down payment on a building. He recently won the lottery in the amount of $50,000 that he can invest at an annual rate of 8% compounded semiannually. If this is the only amount he can invest for this goal, approximately how many years will it be before Jerry has accumulated $90,000?
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