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Jimmy is saving for a new car and he needs to have $22,552.82 in n years. He puts $200 from each of his monthly paychecks,
Jimmy is saving for a new car and he needs to have $22,552.82 in n years. He puts $200 from each of his monthly paychecks, which are paid at the end of the month, into an account earning 4% nominal annual interest compounded semiannually. Calculate how many years Jimmy must save for, n. a) 9 b) 8 c) 7 d) 6 e) 5 J
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