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How long will it take her to reach her retirement goal

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Question - Clara is setting up a retirement fund, and she plans on depositing $5,000 per year in an investment that will pay 7% annual interest. How long will it take her to reach her retirement goal of $69,082?

a. 20 years

b. 0.072 years

c. 13.816 years

d. 10 years

e. 5 years

Reference no: EM133030930

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