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How many years will you be able to withdraw all your money

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You currently have $1,200 (Present Value) in an account that has an interest rate of 6.5% per year compounded semi-annually (2 times per year). You want to withdraw all your money when it reaches $2,400 (Future Value). In how many years will you be able to withdraw all your money?

Reference no: EM133075042

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