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You expect to receive $2,600 upon your graduation and will invest your windfall at an interest rate of .33 percent compounded quarterly until the account
You expect to receive $2,600 upon your graduation and will invest your windfall at an interest rate of .33 percent compounded quarterly until the account is worth $4,375. How many years do you have to wait until you reach your target account value?
34.55 years 39.49 years 36.86 years 42.53 years 39.68 yearsStep by Step Solution
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