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18. Khalid wants to start saving now to buy a house for $50,000 at the end of 10 years). To accumulate this sum, he has

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18. Khalid wants to start saving now to buy a house for $50,000 at the end of 10 years). To accumulate this sum, he has decided to deposit alump sum amount in a bank which pays 8% compounded annually. Khalid's father gave him $9,500 to add to the deposit amount. How much Khalid will have to add to the deposit to realize his dream? Show all your calculations

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