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You currently have $ 5 , 6 0 0 in an account that has an interest rate of 5 . 5 % per year compounded

You currently have $ $5, 600$ in an account that has an interest rate of $5.5 %$ per year compounded quarterly. You want to withdraw all your money when it reaches $ $13, 440 .$ In how many years will you be able to withdraw all your money?

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You currently have $ 5 , 6 0 0 in an account that has an interest rate of 5 . 5 % per year compounded

You currently have $5,600 in an account that has an interest rate of 5.5% per year compounded quarterly. You want to withdraw all your money when it reaches $13,440. In how many years will you be able to withdraw all your money?

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You currently have $ $5, 600$ in an account that has an interest rate of $5.5 %$ per year compounded quarterly. You want to withdraw all your money when it reaches $ $13, 440 .$ In how many years will you be able to withdraw all your money?