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You plan to purchase a house 10 years from now, and you will need $100,000 for a down payment of the house at that time.

You plan to purchase a house 10 years from now, and you will need $100,000 for a down payment of the house at that time. Currently, you have $75,000 available for investment in a financial product that generates 5% return per year. How long do you have to wait before you reach your goal of $100,000? Show your work.

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