Question: Rhoda is saving up money for a down payment on a condominium. She currently has $2571, but knows she can get a loan at
Rhoda is saving up money for a down payment on a condominium. She currently has $2571, but knows she can get a loan at a lower interest rate if she can put down $3308. If she invests the $2571 in an account that earns 4.9 % annually, compounded monthly, how long will it take Rhoda to accumulate the $3308? Round your answer to two decimal places, if necessary. AnswerHow to enter your answer (opens in new window) 2 Points years Keypad Keyboard Shortcuts
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