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The Smith family is determined to purchase a $250,000 home without incurring any debt. The family plans to save $2,500 a quarter for this purpose

The Smith family is determined to purchase a $250,000 home without incurring any debt. The family plans to save $2,500 a quarter for this purpose and expects to earn 6.65 percent, compounded quarterly. How long will it be until the family can purchase a home?

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