Question: B is saving for a $30,000 down payment on a house. She can earn 6% interest on her savings and sets aside $15,000 today. How

B is saving for a $30,000 down payment on a house. She can earn 6% interest on her savings and sets aside $15,000 today. How long will it take for these savings to grow enough to make the down payment? How would you answer change if interest rate would be 9%? Please show all your work to come up with the answers. Explain your answers as well.

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