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Jack estimates he will need $25,000 to startup a coffee stand. If he has $10,000...

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Algebra

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Jack estimates he will need $25,000 to startup a coffee stand. If he has $10,000 to invest in a savings plan that earns 3% interest compounded monthly, how long will it take to reach the $25,000 he needs to start his business? Setup an equation and solve. Label your answer and round to one decimal place.

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