You receive a $5,000 check from your grandparents for graduation. You decide to save it...
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Finance
You receive a $5,000 check from your grandparents for graduation. You decide to save it toward a down payment on a house. You invest it earning 11% per year and you think you will need to have $10,000 saved for the down payment. How long will it be before the $5,000 has grown to $10,000?
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