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You expect to receive $12,000 at graduation in two years. You plan on investing it at...

You expect to receive $12,000 at graduation in two years. You plan on investing it at 9 percent until you have $95,000. How long will you wait from now? (Do not round your intermediate calculations.)
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Answer #1

Hence, It will take 26.01 or 26 years from now (24.01+2)

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