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Mathematics, 08.12.2020 19:20 rina62

Rhoda is saving up money for a down payment on a condominium. She currently has $5311, but knows she can get a loan at a lower interest rate if she can put down $6084. If she invests the $5311 in an account that earns 3.6% annually, compounded quarterly, how long will it take Rhoda to accumulate the $6084?

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Rhoda is saving up money for a down payment on a condominium. She currently has $5311, but knows she...

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