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Define how much will he have saved in eight years

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Jeremy Denham plans to save $5,700 every year for the next eight years,starting today. At the end of eight years , Jeremy will turn 30 years old and the plans to use his savings toward the down payment on a house . If his investment in a mutual fund will earn him 11.90 percent annually, how much will he have saved in eight years when he buys his house?

Reference no: EM131714534

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