you want to save 40000 for a down payment on a


You want to save $40,000 for a down payment on a new home. You expect to save $7,000 per year, be in the 25% tax bracket and hope to earn 4% on your investments. How long (in months) will it take you to save the $40,000? You invest the $7,000 at the start of each year.

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Cost Accounting: you want to save 40000 for a down payment on a
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