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OpenStudy (anonymous):
You decide to put $100 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 2% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds?
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OpenStudy (misssunshinexxoxo):
This might help; http://openstudy.com/study#/updates/55660288e4b057b6c38857cd
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