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John and Susan just married. Both have good jobs, but they are completely broke. They would like to begin saving up for a house down
John and Susan just married. Both have good jobs, but they are completely broke. They would like to begin saving up for a house down payment in 6 years. They have calculated their budget and believe that they can save $480 per month for the next 6 years. Assuming they could earn 6.5% investing that money, how much will they have at the end of 6 years for their down payment
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