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4. Sam is planning to save $450 per month for a down payment on a new home. a) What interest rate would he need to

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4. Sam is planning to save $450 per month for a down payment on a new home. a) What interest rate would he need to earn in order to accumulate $80,000 at the end of ten years? b) If his savings account only earns an annual interest rate of 4%, how many years will it take him to accumulate $80,000

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