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You want to save (deposit) $5,235 per year, starting next year, to make a down payment of $76,766 on a vacation home. If you can
You want to save (deposit) $5,235 per year, starting next year, to make a down payment of $76,766 on a vacation home. If you can earn 3.83 percent on your investment, for how many years will you have to make deposits? Answer to 4 decimals.
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