Richard wishes to accumulate $1,600,000. His money market fund has a balance of $170,228 and...
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Richard wishes to accumulate $1,600,000. His money market fund has a balance of $170,228 and has a guaranteed interest rate of 9%. How many years must Richard leave that balance in the fund in order to get his desired $1,600,000 ? (Round answer to 0 decimal places, e.g. 45.) Number of years years
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