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Present and future value tables of $1 at 9% are presented below. N FV $1 1.09000 1.18810 FVAD $1 1.0900 1 PV $1 0.91743 0.84168
Present and future value tables of $1 at 9% are presented below. N FV $1 1.09000 1.18810 FVAD $1 1.0900 1 PV $1 0.91743 0.84168 0.77218 2 TTTTTT 2.2781 3.5731 3 TTTTT FVA $1 1.0000 2.0900 3.2781 4.5731 5.9847 7.5233 1.29503 1.41158 1.53862 1.67710 PVA $1 0.91743 1.75911 2.53129 3.23972 3.88965 4.48592 PVAD $1 1.00000 1.91743 2.75911 3.53129 4.23972 4.88965 4 5 0.70843 0.64993 0.59627 4.9847 6.5233 8.2004 6 . You want to invest $8,600 annually beginning now in order to accumulate $30,370 for a down payment on a house. If you can invest at an interest rate of 9% compounded annually, about how many years will it take to accumulate the required amount
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