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To buy a house 7 years from now, you will need to have $ 3 3 , 1 2 6 for the down payment at

To buy a house 7 years from now, you will need to have $33,126 for the down payment at that time. To reach your goal, you invest your savings of $19,500 in an investment fund that will generate 7.6% returns compounded quarterly. Will you be able to save for the down payment at the end of 7 years?
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