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Suppose you decide to make end-of-year deposits, but you can save only $1,650 per year. Again, assuming that you would earn 7%, how long would
Suppose you decide to make end-of-year deposits, but you can save only $1,650 per year. Again, assuming that you would earn 7%, how long would it take to reach your $9,000 goal?
a.
4.44 years
b.
6.96 years
c.
7.86 years
d.
7.96 years
e.
4.78 years
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