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You Want to Buy a House in 4 Years and Expect

Question 67

Multiple Choice

You want to buy a house in 4 years and expect 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?


A) 16.67%
B) 13.62%
C) 25.74%
D) 21.53%

Correct Answer:

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