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A married couple has $15,000 toward the purchase of a house. For the house that the couple wants to buy, a down payment of $20,000
A married couple has $15,000 toward the purchase of a house. For the house that the couple wants to buy, a down payment of $20,000 is required. How long will the money have to be invested at 7% compounded quarterly to grow to $20,000? (Round up to the next-higher month if not exact).
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