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You want to accumulate $25,000 for a down payment on a house. You decide to invest $7,000 annually (beginning now) at an interest rate of
You want to accumulate $25,000 for a down payment on a house. You decide to invest $7,000 annually (beginning now) at an interest rate of 9% compounded annually. Approximately how long will it take to for you reach your goal? O a. 3 years O b. 5 years O c. 6 years O d. 4 years
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