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Rafael needs $ 4 6 9 8 for a future project. He can invest $ 3 0 0 0 now at an annual rate of

Rafael needs $

4698

for a future project. He can invest $

3000

now at an annual rate of

10.2 %,

compounded monthly. Assuming that no withdrawals are made, how long will it take to have enough money for his project?

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