Scott and Alice want to purchase a vacation home in 10 years and need $50,000 for a
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Scott and Alice want to purchase a vacation home in 10 years and need $50,000 for a down payment. How much should they place in a savings account each month if the per annum rate of return is assumed to be 6% compounded monthly?
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This is an ordinary annuity with A ...View the full answer
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