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Tom is selling many townhomes in Kansas City. To buy one of them, every month Tina deposits $515 in a Chase high-yield online savings account

Tom is selling many townhomes in Kansas City. To buy one of them, every month Tina deposits $515 in a Chase high-yield online savings account with an APR of 10.3 % (with monthly compounding). Given this information, in _____________ years that Chase account will have the $41,000 balance Tina needs to buy one of Tom's townhomes.

Mult. Choice:

  • 5.80 years

  • 6.63 years

  • 5.31 years

  • 5.08 years

  • 4.69 years

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