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How long would it take him to accumulate enough money to

Paul wants to accumulate $14,500 for the down payment for a new condo. He plans to start investing $2,500 annually beginning today. The investment account will pay 10 percent interest compounded annually. How long would it take him to accumulate enough money to make the down payment?

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Finance Basics: How long would it take him to accumulate enough money to

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