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How many years will take to accumulate dollar fifty thousand

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Problem 1: You've graduated from college and landed a good job. You want to replace your? car, but? don't want to take out a car loan. ?Instead, you decide to invest ?$?600 per month in the stock market and hope to ?earn ?12%. If the market performs as? you're hoping, how many years will it take to accumulate ?$?50,000? Ignore taxes.

Reference no: EM132988516

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