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You are making a deposit $1,000 in a saving account. How many years would it take for the initial deposit $1,000 to grow to 8,900?

You are making a deposit $1,000 in a saving account. How many years would it take for the initial deposit $1,000 to grow to 8,900? The interest rate is 3%/year, compounded annually. You made a deposit only once in the beginning.

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