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You receive a cash gift of $15,000 today. You invest the money at a rate of 3% with the intention of having $40,000 for a
You receive a cash gift of $15,000 today. You invest the money at a rate of 3% with the intention of having $40,000 for a down payment on a house in 6 years. How much money to you need to ADD to the $15,000 today to achieve your goal?
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