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Suppose a woman has decided to retire as soon as she has saved $1,100,000. Her plan is to put $400 each month into an ordinary
Suppose a woman has decided to retire as soon as she has saved $1,100,000. Her plan is to put $400 each month into an ordinary annuity that pays an annual interest rate of 3.7%. In how many years will she be able to retire? She will be able to retire in approximately years. (Round to the nearest year as needed.)
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