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Paloma has $10,000 saved towards the down payment of her home and wants to have $40,000 saved before she makes a purchase. Assuming that she
Paloma has $10,000 saved towards the down payment of her home and wants to have $40,000 saved before she makes a purchase. Assuming that she can put $7,000 per year towards her next home and an interest rate of 2%, how many years will it take for Paloma to have her downpayment? (Round to two decimal places)
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