Question: You begin planning for a down payment on a home. You want to buy a home in 8 years, and you'd like to earn at

You begin planning for a down payment on a home. You want to buy a home in 8 years, and you'd like to earn at least $20,000 in interest. You find an investment that will pay 5% simple interest each year. How much principal must you invest to meet your goal

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