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You have saved $7,000 toward the purchase of a car costing $14,000. How long will the $7,000 have to be invested at 10% compounded monthly
You have saved $7,000 toward the purchase of a car costing $14,000. How long will the $7,000 have to be invested at 10% compounded monthly to grow to $14,000? It will take months for the investment to grow to $14,000. (Round up to the nearest integer.)
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