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Thomas wants to save money for a vaction. Thomas invests $400 in an account that pays an interest rate of 4% How many years will it take for the account to reach $3400
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32 votes
32 votes
Thomas wants to save money for a vaction. Thomas invests $400 in an account that pays an interest rate of 4% How many years will it take for the account to reach $3400

User Addy
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1 Answer

15 votes
15 votes

Answer:

55 years

Explanation:

3,458.55 = 400.00(1 + 0.04)^55

User DamianoPantani
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