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Amber wants to accumulate at least $55,000 by depositing $1,500 at the end of every...

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Accounting

Amber wants to accumulate at least $55,000 by depositing $1,500 at the end of every month into a fund that earns interest at 4.25% compounded monthly.

a. How many deposits does she need to make to reach her goal?

Round to the next payment

b. How long will it take Amber to reach her goal?

years months

Express the answer in years and months, rounded to the next payment period

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