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Suppose Crash Bandicoot deposits $5,000 into an account earning 4 percent interest, compounded monthly and Crash also make monthly contributions of $50 (first monthly contribution
Suppose Crash Bandicoot deposits $5,000 into an account earning 4 percent interest, compounded monthly and Crash also make monthly contributions of $50 (first monthly contribution made one month after the initial deposit is made). How many years (rounded to one decimal place for example, 32.1843 year = 32.2) will it take for the account to grow to $7,500 in this case? Please use financial calculator only
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