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Find how much will have after ten years

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Problem 1: You're 22 and have lined up a job that pays fairly well for when you graduate. To begin to save money for a down payment on a house, you've decided to set aside $12,500 per year for ten years, and you'll start one year from now-that is, one year after your graduation. If you're able to invest the money at 7%, how much will you have after ten years?

Reference no: EM133012389

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