If you invest all your inheritance in a tax-free bond fund


You have just received $175,000 from the estate of a long-lost rich uncle. If you invest all your inheritance in a tax-free bond fund earning 6.2% compounded quarterly, how long do you have to wait to become a millionaire? (Round your answer to two decimal places.)

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Financial Management: If you invest all your inheritance in a tax-free bond fund
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