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1) Suppose James wil have $25,000,00 for a down payment on a house in 6 years. a. How much would he hove to invest today

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1) Suppose James wil have $25,000,00 for a down payment on a house in 6 years. a. How much would he hove to invest today (present value) it his investment earns a nominal rate of 5Y/% compounded monthly b. How much interest did James's account earn during the 6 years

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