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Your parents are saving to buy a new boat, at the price of $ 7 8 , 0 0 0 . They have saved $

Your parents are saving to buy a new boat, at the price of $78,000. They have saved $46,840 which is invested at 4.9 percent annual interest. How many years will it be before they purchase the boat, assuming the price of the boat remains constant?
9.67 years
17.18 years
10.66 years
12.81 years
16.91 years
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