Sandra deposits $2500 in her savings account. How many years will it take her savings account to increase to $5000 if she is able to earn a rate of return of 4 percent interest compounded annually? Assume Sandra will make no additional deposits to her savings account? (N)

P/Y = 1, C/Y = 1, N = ?, I/Y = 4, PV = -2500, PMT = 0, FV = 5000 It will take 17.67 years for Sandras savings account to increase to $5000.

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