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With a goal of purchasing one of the coveted trips to space offered by Blossom, you deposit $ 5 1 , 0 0 0 in

With a goal of purchasing one of the coveted trips to space offered by Blossom, you deposit $

51, 000

in an account today that earns

10 %

compounded annually. You estimate the price tag for a trip to space to be $

274, 000 .

Using the NPER function in Excel or a financial calculator, determine how long it will take you to accumulate enough money to purchase a ticket.

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