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Mathematics, 17.10.2020 16:01 aroyalstudent

You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $39,000. You feel you can earn an APR of 10.5 percent compounded monthly and plan to save $485 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation?

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