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Posted on Jul 11, 2024

You receive a $ 1 0 0 0 0 check from your grandparents for graduation. You decide to save it toward a down payment on

You receive a

10 000

check from your grandparents for graduation. You decide to save it toward a down payment on a house. You invest it earning

10 %

per year and you think you will need to have

20 000

saved for the down payment. How long will it be before the

10 000

has grown to

20 000 ?

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