Mr. Johnston has been investing $5,000 into his savings plan at the end of every year for the last 17 years. His investments

Question

Mr. Johnston has been investing $5,000 into his savings plan at the end of every year for the last 17 years. His investments have earned 10. 6% compounded semiannually. If he increases his annual contributions to $6,000, how much longer will it take for his savings plan to reach $1, 000, 000?

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