Bonus into a high yield account

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Reference no: EM13927781

Yolanda invests her $5,000 bonus into a high yield account that earns 6.7% simple interest. She wants to buy a Burmese Rabbit Hound with the money. The breeder told her that a puppy would cost $5,500.

How long will Yolanda have to wait before she has $5,500 in her savings account?

Reference no: EM13927781

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