Use rounded numbers in intermediate calculations

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Reference no: EM13870823

You expect to receive $28,000 at graduation in two years. You plan on investing it at 9.75 percent until you have $163,000. Required: How long will you wait from now? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13870823

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