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You and your new spouse each bring home $1,600 each month after taxes and other payroll deductions. By living frugally, you intend to live on
You and your new spouse each bring home $1,600 each month after taxes and other payroll deductions. By living frugally, you intend to live on just one paycheck and save the other in a bond fund yielding 7.56% compounded monthly. How many months will it take to have enough for a 20% down payment on a $170,000 condo in the city?
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