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You have invested $1,000 in a Tax Free Savings Account that pays you 4% per year (paid at year end). You are hoping to use

You have invested $1,000 in a Tax Free Savings Account that pays you 4% per year (paid at year end). You are hoping to use the money to pay for a trip when the value of the investment equals $1,300. You are not planning on putting any additional money in the account. How long before you can go on your trip?

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