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1 a ) Penny wants to have $ 3 0 0 , 0 0 0 in an investment account after twenty - five years of
a Penny wants to have $ in an investment account after twentyfive years of savings. The account will
pay percent interest per week. If she deposits the same amount at the end of each week, how much will
each deposit have to be for her to reach her goal?
b You want to purchase a new condominium that costs $ Your plan is to pay percent down in cash
and finance the balance over years at a percent APR. What will your monthly mortgage payment be
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