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You graduate and receive a $4,000 cheque from your grandparents. You decide to save it...

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You graduate and receive a $4,000 cheque from your grandparents. You decide to save it toward a down payment on a house. You invest it earning 8% per year, and you think you will need to have $8,000 saved for the down payment. How long will it be before the $ 4,000 has grown to $8,000? To double the money you received from your grandparents, it will take years

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