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Sergey is selling many townhomes in Silicon Valley. To buy one of them, every month Valentina deposits $305 in a Capital One high-yield online savings
Sergey is selling many townhomes in Silicon Valley. To buy one of them, every month Valentina deposits $305 in a Capital One high-yield online savings account with an APR of 10.2 % (with monthly compounding). Given this information, in years that Capital One account will have the $27,000 balance Valentina needs to buy one of Sergey's townhomes. 5.78 years 7.38 years 6.31 years 5.52 years 5.10 years
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