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You decide you want your child to be a millionaire. You have a daughter today and you deposit $59,000 in an investment account that earns
You decide you want your child to be a millionaire. You have a daughter today and you deposit $59,000 in an investment account that earns 7.5% per year. The money in the account will be distributed to your daughter whenever the total reaches $3,750,000. How old will your daughter be when she gets the money (rounded to the nearest year)? Please show work
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