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Savings You wish to accumulate $ 1 0 0 , 0 0 0 through monthly payments of $ 2 0 0 . If you can

Savings You wish to accumulate $

100, 000

through monthly payments of $

200 .

If you can earn interest at an annual rate of

4 %

compounded monthly, how long

(

to the nearest year

)

will it take to accomplish your goal?

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