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Your rich uncle will give you a gift of $6,000 at your graduation one year from now. You will invest this in an investment opportunity

Your rich uncle will give you a gift of $6,000 at your graduation one year from now. You will invest this in an investment opportunity that promises to pay 8 percent, compounded annually, until you have $60,000. How long will you need to wait, counting from today, till you accumulate this amount?

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