Question
Steve and his wife Christine recently opened an investment account with the intention of saving enough to purchase a house. Their goal is to have
Steve and his wife Christine recently opened an investment account with the intention of saving enough to purchase a house. Their goal is to have $45,000 for a down payment in 5 years. Their account will guarantee them a return of 8% compounded annually. How much do they need to put into the account right now to reach their goal?
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