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7) You will receive $4,000 at graduation 3 years from now. You plan on investing...

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Finance

7) You will receive $4,000 at graduation 3 years from now. You plan on investing this money at 5 percent annual interest until you have accumulated $50,000. How many years from today will it be when this occurs? (Provide an approximation using the tables or an exact number if using Excel)

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