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How much will he have saved in eight years

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Reference no: EM133003422

Question - Kevin Hall plans to save $4,950 every year for the next eight years, starting today. At the end of eight years, Kevin will turn 30 years old and plans to use his savings toward the down payment on a house. If his investment in a mutual fund will earn him 9.9 percent annually, how much will he have saved in eight years when he buys his house?

Reference no: EM133003422

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