He wants to buy a house in 4 years and expects to need $25,000 for a down

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He wants to buy a house in 4 years and expects to need $25,000 for a down payment. If you have $15,000 to invest, how much interest do you have to earn (compounded annually) to reach your goal? Enter your answer in decimal form.

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 09, 2023 12:42 AM

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He wants to buy a house in 4 years and expects to need $25,000 for a down

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To calculate the amount of interest you need to earn we can use the compound interest f... View the full answer

Personal Finance

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