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You have already saved $6775 to buy a used car. You invest this money in a certificate of deposit earning 0.40% APR compounded monthly. How
You have already saved $6775 to buy a used car. You invest this money in a certificate of deposit earning 0.40% APR compounded monthly. How many years will it take your account to reach your target of $7450 in order to buy the new car?
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