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Julia Roberts deposits 4900 dollars in an account paying an effective rate of interest of 6.1 percent. Three years later, she withdraws 1450 dollars. If
Julia Roberts deposits 4900 dollars in an account paying an effective rate of interest of 6.1 percent. Three years later, she withdraws 1450 dollars. If there are no other transactions, how long will it take (from the time of the first deposit) for her account balance to reach 8000 dollars? (Assume simple interest between compoundings.)
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