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16 June, 08:11

You can afford monthly deposits of $270 into an account that pays 4.8% compounded monthly. How long will it be until you have $8,200 to buy a boat?

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  1. 16 June, 08:52
    0
    29 months

    Step-by-step explanation:

    My TVM solver says that balance will be reached after about 29 monthly payments.
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