Jack and Jill need to save $7700 toward a new car. How long will it take them
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Question:
Jack and Jill need to save $7700 toward a new car. How long will it take them if they save $250 a month earning interest at 6.4% per year? (Treat as an ordinary annuity.) (State youranswer in yearsrounded to the second decimal place, e.g., 12.34)
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