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Suppose that $6000 is placed in a savings account at an annual rate of 7.6%, compounded quarterly. Assuming that no withdrawals are made, how long
Suppose that $6000 is placed in a savings account at an annual rate of
7.6%, compounded quarterly. Assuming that no withdrawals are made, how long will it take for the account to grow to $7956? Do not round any intermediate computations, and round your answer to the nearest hundredth.
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