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JJ is planning for the future and wants to save $ 5 0 , 0 0 0 for a down payment on a house. He
JJ is planning for the future and wants to save $ for a down payment on a house. He currently
has $ to invest, and the town bank offers interest on all accounts. How long would it take
JJ to reach his goal if the bank...
Note: Round your final answer based on the compounding period.
a uses simple interest?
b compounds interest quarterly?
c compounds interest monthly?
d compounds interest continuously?
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