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How long will hossein need to wait

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Question - Hossein has a goal of accumulating $2475 at the time of his future retirement date. He has today placed $900 in a retirement account that will earn an interest rate of 9% each year. How long will Hossein need to wait (in years and in fractions of a year to at least 2 decimal places) before he can retire?

Reference no: EM132766711

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