A couple needs $45,000 as a down payment for a home. If they invest the $30,000 they

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A couple needs $45,000 as a down payment for a home. If they invest the $30,000 they have at 8% compounded quarterly, how long will it take for the money to grow into $45,000?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:34 AM

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A couple needs $45,000 as a down payment for a home. If they invest the $30,000 they

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Mathematical Applications for the Management Life and Social Sciences

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