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13 March, 00:23

Pablo has $4200 to invest. pablo's goal is to have $5000 after 4 years. is this possible if he invests with a rate of return of 6%?

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  1. 13 March, 01:09
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    4200 * 1.06 = 4452.

    4452 * 1.06 = 4719.12.

    4719.12 * 1.06 = 5002.27

    It would only take 3 years to reach $5000.
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