Question: A couple needs $15,242.11 as a down payment for a home. If they invested the $6,000.00 they have at 6% compounded annual, how long will
A couple needs $15,242.11 as a down payment for a home. If they invested the $6,000.00 they have at 6% compounded annual, how long will it take for the money to grow into $15,242.11? It will take years. (If needed, round your answer to 1 decimal place.)
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