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You are planning to invest $6,000 at the end of each year in an account that pays 5.5%. How long will it take before the

You are planning to invest $6,000 at the end of each year in an account that pays 5.5%. How long will it take before the account is worth $50,000?

1. 7.14 years
2. None of the above
3. 83.7 months
4. 6.98 years
5. 84.6 months

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