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The expenses of a company are expected to increase at a rate of $400 per year. At the end of next year, expense is expected

The expenses of a company are expected to increase at a rate of $400 per year. At the end of next year, expense is expected to be $17,500. How many years (round-off to 2 decimal places) will it be from now before the equivalent annual cost is $20,500 per year, if interest is 8% per year?

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