How many years will it take you to accumulate

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Reference no: EM132281347

You graduated from college and landed a good job. You want to replace your car but you do not want to take out a car loan. Instead, you decide to invest $100 per month in the stock market and hope to earn 8%. If the market performs as you hope, how many years will it take you to accumulate $30,000. Ignore taxes.

Reference no: EM132281347

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