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9 November, 12:24

You decide to put $150 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 2.5% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds? A. 10.1101 years / B. 119.954 years / C. 121.321 years / D. 134.34 years

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  1. 9 November, 13:38
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    It would take 121.321 years, or simply answer C
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