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OpenStudy (anonymous):
Donna will receive payments of $3000 each year. The payments are deposited in an account earning 3.5% compounded annually. The payments will stop when the accumulated amount reaches $31,104. How long do the payments last?
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OpenStudy (anonymous):
Looking for the formula please.
OpenStudy (anonymous):
a=years 3000a*0.035=31,104
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