Tom is selling many townhomes in Kansas City. To buy one of them, every month...
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Accounting
Tom is selling many townhomes in Kansas City. To buy one of them, every month Tina deposits $515 in a Chase high-yield online savings account with an APR of 10.3 % (with monthly compounding). Given this information, in _____________ years that Chase account will have the $41,000 balance Tina needs to buy one of Tom's townhomes.
Mult. Choice:
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5.80 years
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6.63 years
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5.31 years
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5.08 years
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4.69 years
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