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Question #1: If you invest $5,000 today and in 9 years it grows to $12,000, what interest rate did you earn? Show your detailed work

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Question #1: If you invest $5,000 today and in 9 years it grows to $12,000, what interest rate did you earn? Show your detailed work with the answer. Question #2: You need $100,000 for a down payment on a house. You currently have $50,000 that you can invest at 5%. How long will you have to wait until you can buy your house? (Use the Rule of 72)

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