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ou want to have $ 9 4 , 0 0 0 to renovate your house into your dream - home. You currently have $ 1

ou want to have $94,000 to renovate your house into your dream-home. You currently have $13,500 in savings. You can invest this money in an account that pays 7.5% interest each year. How long will it take you to have the $94,000 you want to have (assuming no other deposits to this account)?

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