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Suppose that 5000 is placed in a savings account at an annual rate of 6 compounded monthly Assuming that no withdrawals are made how long

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Suppose that 5000 is placed in a savings account at an annual rate of 6 compounded monthly Assuming that no withdrawals are made how long will it take for the account to grow to 8030 Do not round any intermediate computations and round your answer to the nearest hundredth years

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