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How long ago did she start this savings plan

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Question - For a long time Sally has been investing $7,000 at the end of every six months and today the value of her savings has reached $2,500,000. She has made wise investment decisions and has earned a return of 16.4% compounded semi-annually. How long ago (rounded up to the nearest whole year) did she start this savings plan?

Reference no: EM132913406

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