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Jeremy Denham plans to save $7,500 every year for the next eight years, starting today. At the end of eight years, Jeremy will turn 30
Jeremy Denham plans to save $7,500 every year for the next eight years, starting today. At the end of eight years, Jeremy will turn 30 years old and plans to use his savings toward the down payment on a house. If his investment in a mutual fund will earn him 9.55 percent annually, how much will he have saved in eight years when he buys his house?
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Quantitative Methods For Business
Authors: Donald Waters
5th Edition
273739476, 978-0273739470
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