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You have $20,000 to be invested at 9% annually. Your goal is to reach $60,000 for a down payment to buy a house. How many

You have $20,000 to be invested at 9% annually. Your goal is to reach $60,000 for a down payment to buy a house.

How many years will it take you to reach your goal?

a. 13 years

b. 15 years

c. 9 years

d. 11 years

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