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Jim's goal is to save 1 0 % downpayment to purchase a house after 5 Years. Average house value is currently $ 6 0 0
Jim's goal is to save downpayment to purchase a house after Years. Average house value is currently $ and is expected to grow at a rate of every year. Jim currently has $ savings. He also projects that he should be able to save $ annually. If Jim invests his existing savings as well as the annual savings in an investment account that will provide an annual return of would he be able to meet his goal of paying for the downpayment of a house at the end of years?
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