Take for you to buy the laptop in your shopping list

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Reference no: EM131975793

You want to save to buy a laptop that costs $1,264. Therefore, you deposit $511 into a bank that pays 3% interest compounded semiannually. How many year will it take for you to buy the laptop in your shopping list?

Please round your answer to the second decimal, e.g. 1.5 (year).

Reference no: EM131975793

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