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John is saving to pay cash for his next car. He is investing $ 6 0 0 per month and wants to have $ 2

John is saving to pay cash for his next car. He is investing $

600

per month and wants to have $

22, 000

to buy a nice used car. Assuming he is earning

7.5 %

on his investment, how many months will it take John to have the $

22, 000

he needs for the car?

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