Mathematics, 01.04.2020 20:20, sswd
Ella is planning to buy a home in six years. She'll need to make a down payment of $20,000. She has invested $12,000 in an account earning 5% interest, compounded monthly. Ella have enough money saved in six years to buy her home. It will take just over years for Ella's account balance to exceed $20,000.
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