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[3 marks] A couple wants to save $200 000 to buy some land. They can save $3,500 each quarter-year in a bank account paying i(4)
[3 marks] A couple wants to save $200 000 to buy some land. They can save $3,500 each quarter-year in a bank account paying i(4) = 9%. How many years (to the nearest quarter) will it take them and what is the size of the final deposit?
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