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49 Jackson is looking to purchase a condo. He is looking to have a conventional mortgage as he does not want to pay for mortgage

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49 Jackson is looking to purchase a condo. He is looking to have a conventional mortgage as he does not want to pay for mortgage default insurance. The new condo units that he is interested in are on the market for $132,000. How long will it take Jackson to save for the 20% down payment, if interest is at 6.75% compounding monthly with monthly savings of $371? A 36 months B 48 months 60 months D 72 months E 24 months

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