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You received $30,000. You want to invest it to fund your mortgage down-payment in four years. You want to buy a house that is at
You received $30,000. You want to invest it to fund your mortgage down-payment in four years. You want to buy a house that is at least $200,000 but no more than $300,000. Normally, banks require home buyers to make 20% (of the house price) down-payment. What is the minimum and maximum interest rates that you need to earn on your investment?
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