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Number of years needed to accumulate a future amountFor the following case, determine the number of years it will take for the initial deposit to
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Number of years needed to accumulate a future amountFor the following case, determine the number of years it will take for the initial deposit to grow to equal the future amount at the given interest rate.(Click on the icon here
in order to copy the contents of the data table below into a spreadsheet.)
Initial deposit | Future amount | Interest rate |
$14,219 | $38,900 | 6% |
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