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Steven just inherited $ 7 5 , 0 0 0 from his Grandmother's estate. He is single and looking to save up a total of
Steven just inherited $ from his Grandmother's estate. He is single and looking to save up a total of $ to pay cash for a home purchase rather than borrowing money. He feels that he can easily save $ per month right now in addition to the lump sum that he inherited. If he can earn annually in his current money market account, how long in months will it take him to reach the $ to pay cash for his first home.
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