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Thomas Nguyen currently has $10,000 in the bank earning interest of 6 percent per year, compounded monthly. If he needs $25,000 to purchase a car
Thomas Nguyen currently has $10,000 in the bank earning interest of 6 percent per year, compounded monthly. If he needs $25,000 to purchase a car and can save an additional $100 a month stating at the end of this month, how long will it take him to accumulate the $25,000?Explain how to get the answer using financial calculator
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