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Scott set up a savings account for a trip that will cost $9,700 some time in the future. She will deposit $650 at the end
Scott set up a savings account for a trip that will cost $9,700 some time in the future. She will deposit $650 at the end of every six months into the account earning 5.826% compounded semi-annually. How long, in years and months, will it take for Scott to reach his goal? Provide an explanation for your result.
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year(s)
and
month(s)
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