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John just set up his IRA and will contribute $4,000 at the beginning of each year. He expects the mutual fund he chose for his
John just set up his IRA and will contribute $4,000 at the beginning of each year. He expects the mutual fund he chose for his IRA to earn an annual return of 11.1% per year, compounded annually. In how many years will he accumulate $1,500,000? Enter answer as decimal, to nearest tenth, e.g., 50.1 for 50.1 years
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