Mathematics, 24.02.2021 02:20 stargirl21359
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A new house costs $345,000.00. Maria wants to buy the house and needs $17,360.00 for a down payment. Maria currently has $14,000.00 in a savings account that earns 8% simple interest. How long must she keep the money in the savings account in order to have enough for the down payment on the house?
A. 3 months
B. 3 years
C. 16 years
D. 295.5 years
Answers: 3
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