A married couple has $15,000 toward the purchase of a house. For the house that the couple

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A married couple has $15,000 toward the purchase of a house. For the house that the couple wants to buy, a down payment of $20,000 is required. How long will the money have to be invested at 7% compounded quarterly to grow to $20,000? (Round up to the next-higher quarter if not exact.)
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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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