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At the beginning of each quarter Henry is depositing 19,900$ on the saving account that offers 8% p.a. under due quarterly capitalization. Will John be
At the beginning of each quarter Henry is depositing 19,900$ on the saving account that offers 8% p.a. under due quarterly capitalization. Will John be able to buy a house after 10 years, if the current price of this house is 1,000,000$ and it is expected to rise each year by 2% pa.?
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