Mathematics, 18.02.2022 15:20, VamPL

A new house costs $160,000.00. Sara wants to buy the house and needs $1,534.00 for a down payment. If Sara currently has $1,300.00 in a savings account paying simple interest at a rate of 3%, how long must she keep the money in the savings account in order to have enough for the down payment on the house? a.
39 years
c.
4,069.2 years
b.
6 months
d.
6 years

Answers: 3

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A new house costs $160,000.00. Sara wants to buy the house and needs $1,534.00 for a down payment. I...