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You want to buy a house that requires a down payment of $230,000. You have...

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You want to buy a house that requires a down payment of $230,000. You have $47,000 in your bank account today. The bank pays you 5.0 percent annual interest. How many years do you need to wait until the money in your bank account is enough to pay for the down payment? Assume that you will not deposit additional money in your bank account Multiple Choice 33.05 years 32.55 years 32.80 years 30.55 years 32.30 years

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