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Anna Has $15,000 to Invest

Question 53

Multiple Choice

Anna has $15,000 to invest. She requires $25,000 for a down payment for a house. If she is able to invest at 6%, how many years will it be before she will accumulate the desired balance?


A) 6 years.
B) 7 years.
C) 8 years.
D) 9 years.

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