SOLUTION: Tyron is saving up money for a down payment on a motorcycle. He currently has $5648, but knows he can get a loan at a lower interest rate if he can put down $6355. If he invests
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-> SOLUTION: Tyron is saving up money for a down payment on a motorcycle. He currently has $5648, but knows he can get a loan at a lower interest rate if he can put down $6355. If he invests
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Question 1140185: Tyron is saving up money for a down payment on a motorcycle. He currently has $5648, but knows he can get a loan at a lower interest rate if he can put down $6355. If he invests the $5648 in an account that earns 6% annually, compounded monthly, how long will it take Tyron to accumulate the $6355? Round your answer to two decimal places, if necessary.
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