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Kyle and Teresa are saving for a down payment for their first house. If they can save $ 5 , 0 0 0 . 0

Kyle and Teresa are saving for a down payment for their first house. If they can save $5,000.00 per year at 3%, compounded annually, how much will they have in 8 years?
Question 19 options:
a)
$6,333.85
b)
$35,098.46
c)
$41,200.00
d)
$44,461.68

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