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If you had started a savi ngs account that paid 4.5%, compounded monthly, and your payment

If you had started a savi ngs account that paid 4.5%, compounded monthly, and your payment

If you had started a savi ngs account that paid 4.5%, compounded monthly, and your payments into the account were the monthly payments for 625% interest as in Problem 8.28, how long would you have had to make payments in order to purchase the home for cash? (Assume the same down-payment amount was available as in Problem 8.28.)
Abhinav 29-Nov-2019

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