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You want to buy a house in 4 years and expect to need $25,000 for a down payment at that time. Now you have $16,000

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You want to buy a house in 4 years and expect to need $25,000 for a down payment at that time. Now you have $16,000 to invest? How much interest do you have to earn (compounded annually) to reach your goal? Enter your answer in the following format: 0.1234 Hint: Answer is between 0.1051 and 0.1275 Janet is 35 years old, and she has decided it is time to plan seriously for her retirement. At the end of each year until she is 65, she will save $10,000 in a retirement account. If the account earns 9% per year, How much will Janet have saved at age 65? Enter your answer in millions in the following format: 1.234 Hint: Answer is between 1.24 and 1.486

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