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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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