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You are saving up to buy a second home. You would like to have $ 4 0 , 0 0 0 saved in four years
You are saving up to buy a second home. You would like to have $
saved in four years as a downpayment. Next month, you plan on putting
$ into an investment account that earns per month. Each
month thereafter, you will continue to contribute, where each payment is
larger than the payment before it In other words, you will
put in $ starting next month, and each payment will be bigger than
the one before by When you put your last payment into the
account in four years, will you have enough saved?
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