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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
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
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