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You expect to receive $9,000 at graduation in two years. You plan on investing it at 11% until you have $73,000. How long will you
You expect to receive $9,000 at graduation in two years. You plan on investing it at 11% until you have $73,000.
How long will you wait from now? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Number of years ____
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