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Computing number of years

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Sam refuses to retire until his retirement account has a balance of at least $ 400,902. Sam refuses to make any more deposits in the account. The account currently has a balance of $ 126,049 and earns 6% per year, compounded semi-annually. How long does Sam have before he will retire? (You are computing number of years. Round your answer to one decimal place. For example, record 14.294 years as 14.3).

Reference no: EM131117670

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