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You need to accumulate $17,000. To do so, you plan to deposit $1,200 per year in a bank that pays 5% interest. Your last deposit
You need to accumulate $17,000. To do so, you plan to deposit $1,200 per year in a bank that pays 5% interest. Your last deposit will be less than $1,200 if less is needed to round out to $17,000.
Q20 How many years will it take to reach your goal? (Think carefully in relation to question B, and just enter the number (of years))
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