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One month from now, Kelly will make her first monthly contribution of $450 to a Tax-Free Savings Account (TFSA). She expects to earn 7% compounded

One month from now, Kelly will make her first monthly contribution of $450 to a Tax-Free Savings Account (TFSA). She expects to earn 7% compounded annually. How long will it take for the contributions and accrued earnings to reach $55,000?

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