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Lucy wants to accumulate at least $60,000 by depositing $1,600 at the end of every month into a fund that earns interest at 4.25% compounded

Lucy wants to accumulate at least $60,000 by depositing $1,600 at the end of every month into a fund that earns interest at 4.25% compounded monthly.

a. How many deposits does she need to make to reach her goal?

Round to the next payment

b. How long will it take Lucy to reach her goal?

years? months?

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