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QUESTION
Sam refuses to retire until his retirement account has a balance of at least $ 333,340 . Sam refuses to make any more deposits in the account.
Sam refuses to retire until his retirement account has a balance of at least $ 333,340 . Sam refuses to make any more deposits in the account. The account currently has a balance of $ 129,617 and earns 6% per year, compounded semi-annually. How long does Sam have before he will retire?
