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In an attempt to have funds for a down payment in five years, james dupont plans to save $3,800 a year for the next five years. with an interest rate of 4 percent, what amount will james have available for a down payment after the five years?

Respuesta :

Vowing

1. Find 4% of 3800: 152

2. 3800-152

3. James will have $3648 available for the down payment after the 5 years.

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