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You need $3,000 to buy a new stereo for your car. If you have $1,200 to invest at 6% compounded annually, how long will you

You need $3,000 to buy a new stereo for your car. If you have $1,200 to invest at 6% compounded annually, how

long will you have to wait to buy the stereo? (I need step by step formula and explanation how to figure it out please). Thank you

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