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OpenStudy (anonymous):
| I will give a Medal and Fan | You decide to put $175 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 3% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds? A. 8.0111 years B. 96.1332 years C. 93.2914 years D. 94.8377 years
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