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You are planning to purchase your first house with a down payment of $95,000. Currently, you have $20,000 in the bank which earns interest at

You are planning to purchase your first house with a down payment of $95,000. Currently, you have $20,000 in the bank which earns interest at 8% compounded monthly. How manyyearswill you have to wait before you can afford the down payment for the house?

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