ryandavis8879 ryandavis8879
  • 23-04-2024
  • Mathematics
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Carl is saving up money for a down payment on a condominium. He currently has $2604, but knows he can get a loan at a lower interest rate if he can put down $3600. If he invests the $2604 in an account that earns 4% interest compounded annually, how many years will it take for him to reach $3600?

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