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17 April, 01:44

Pablo has $4200 to invest. pablo's goal is to have $5000 after 4 years. is this possible if he invests with a rate of return of 6%?

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  1. 17 April, 02:41
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    4200 * 1.06 = 4452.

    4452 * 1.06 = 4719.12.

    4719.12 * 1.06 = 5002.27

    It would only take 3 years to reach $5000.
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