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How many years will it be before your inheritance grows

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Reference no: EM13889789

You are hoping to buy a house in the future and recently received an inheritance of $20,000.00. You intend to use your inheritance as a down payment on you house.
a)  If you put your inheritance in an account that earns 7 percent interest compounded annually, how many years will it be before your inheritance grows to $30,000?

Reference no: EM13889789

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