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Posted on Aug 16, 2024

Henry wants to save $ 4 0 0 , 0 0 0 for a down payment on a house. At the end of each year,

Henry wants to save $

400, 000

for a down payment on a house. At the end

of each year, he plans to save $

10, 000

in an account paying

3 %

interest.

How long will it take for him to reach his savings goal?

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