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1) The house you plan to buy will require a downpayment of $40,000 in two years. How much do you need to save per month
1) The house you plan to buy will require a downpayment of $40,000 in two years. How much do you need to save per month (beginning next month), if your savings gets 8% (annually)? 2) If a perpetuity is worth $1,000 and r = 15.5%, what is the cash flow?
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