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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 $10000 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 $20000 saved for the down payment. How long will it be before the $10000 has grown to $20000?You are looking to buy a car and can afford to pay $210 per month. If the interest rate on a car loan is 0.75% per
month for a 60-month loan, what is the most expensive car you can afford to buy?
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