How many year will it take for you to buy the laptop in


You want to save to buy a laptop that costs $1,264. Therefore, you deposit $511 into a bank that pays 3% interest compounded semiannually. How many year will it take for you to buy the laptop in your shopping list?

Please round your answer to the second decimal, e.g. 1.5 (year).

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Financial Management: How many year will it take for you to buy the laptop in
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