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In three years, Bernie Slight wants to have $ 2 4 , 0 0 0 for a down payment on a house. He is going
In three years, Bernie Slight wants to have $ for a down payment on a house. He is going to save some of his salaries each year for the next years. At the end of each year, he will deposit the money into an account paying interest. Because his salary is increasing, he plans on doubling his savings each year. How much will he need to save this first year to achieve his goal?
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