Question: Jack and Jill need to save $7000 toward a new car. How long will it take them if they save $200 a month earning
Jack and Jill need to save $7000 toward a new car. How long will it take them if they save $200 a month earning interest at 4.2% per year? ( Treat as an ordinary annuity.) (State your answer in years rounded to the second decimal place, e.g., 12.34)
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