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Sam refuses to retire until his retirement account has a balance of at least $300,000. Sam won't make any more deposits in the account. The
Sam refuses to retire until his retirement account has a balance of at least $300,000. Sam won't make any more deposits in the account. The account currently has a balance of $200,000 and earns 5.9% per year, compounded sem annual y you want o ure out how ng does Sam have be re e il retire what would o out o e payment -200,000 200,000 This is what you are solving for. 300,000 QUESTION 9 Sam refuses to retire until his retirement account has a balance of at least $300,000. Sam won't make any more deposits in the account. The account currently has a balance of $200,000 and earns 5.9% per year, compounded semi-annually. About how long does Sam have before he will retire? 7 years 6.5 years 13 years O14 years
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