Alicia owns two investments, A and B, both of which compound interest monthly and have a...
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Alicia owns two investments, A and B, both of which compound interest monthly and have a combined total value of $45,070. Investment A is expected to pay $48,756 in 12 years from today and has an expected return of 3.72% per year. Investment B is expected to pay $47,249 in T years from today and has an expected return of 6.61% per year. What is T, the number of years from today that investment B is expected to pay $47,249? Alicia owns two investments, A and B, both of which compound interest monthly and have a combined total value of $45,070. Investment A is expected to pay $48,756 in 12 years from today and has an expected return of 3.72% per year. Investment B is expected to pay $47,249 in T years from today and has an expected return of 6.61% per year. What is T, the number of years from today that investment B is expected to pay $47,249?
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