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you want to have $30,000 saved 5 years from now to buy a house. how much less do you have to deposit today to reach this goal if you can earn 3.5 percent rather than 2.5 percent on your savings? today's deposit is the only deposit you will make to this savings account.

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Today's deposit is the only deposit you will make to this savings account of $ 1,256.43 with 2.5 percent on your saving.

A savings account is what?

A savings account is one held with a retail bank. Common traits include a limited amount of withdrawals permitted, the absence of a check or attached debit card facility, the limited availability of transfer options, and the inability to get overdrawn.

A savings account, which allows you to deposit money and often yields a reasonable rate of interest, is a crucial type of financial tool.

These government-insured accounts offer a secure place to store your money while generating interest, up to $250,000 per account owner.

A savings account is an equity deposit account held with a financial institution like a bank.

To learn more about a Savings account, visit:

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