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Suppose a women has decided to retire as soon as she has saved 1,000,000 dollars. Her plan is to put $850 each month into an
Suppose a women has decided to retire as soon as she has saved 1,000,000 dollars. Her plan is to put $850 each month into an ordinary annuity that pays an annual interest rate 2.3%. In how many years will she be able to retire?
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