How long will it take before the client has saved

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Reference no: EM13885240

One of your clients wondering when he has saved up 60 000SEK to make a payment on her house . The client now has 10050SEK saved and expects to save an additional 5000SEK per year at the end of each year. The client is expected to earn 7.25 % annual interest on their savings. How long will it take before the client has saved up 60 000SEK?

Reference no: EM13885240

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