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You expect to receive $4,000 at graduation in 2 years. You plan on investing this money at 6 percent until you have $50,000. How many
You expect to receive $4,000 at graduation in 2 years. You plan on investing this money at 6 percent until you have $50,000. How many years (from today) will it be until this occurs?
Time for money to grow to $50,000:
Years from today:
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