You receive a $11,000 check from your grandparents for graduation. You decide to save it toward a
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You receive a $11,000 check from your grandparents for graduation. You decide to save it toward a down payment on a house. You invest it earning 12% per year and you think you will need to have $22,000 saved for the down payment. How long will it be before the $11,000 has grown to $22,000?
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To determine how long it will take for the initial investment of 11000 t...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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