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You want to buy a house in five years and expect to need $30 000 for a down payment. If you have $10 000 to

You want to buy a house in five years and expect to need $30 000 for a down payment. If you have $10 000 to invest, how much interest do you have to earn (compounded annually) to reach your goal?
a.
13.62%
b.
16.67%
c.
24.57%
d.
25.74%

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