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2. You anticipate needing $40,000 for a down payment on a home in five years. If you earn 8%, how much must you set aside
2. You anticipate needing $40,000 for a down payment on a home in five years. If you earn 8%, how much must you set aside now to achieve this?
3. Referring to #2, how much would you have to set aside at the end of each year, instead of now, to achieve the $40,000 objective?
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