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7 March, 00:33

Suppose that you put $2,500 into a retirement account that grows with the interest rate of 5.15% compounded once each year after how many years with the balance of the account will be at least $1,500.

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  1. 7 March, 00:44
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    You are starting with $2,500 and you want to know when it will reach $1,500?

    I think you've made a typo.
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