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A. A young married couple is actively planning the purchase of their matrimonial home and has sought your help as a friend who studies Finance.

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A. A young married couple is actively planning the purchase of their matrimonial home and has sought your help as a friend who studies Finance. They indicated that they need to accumulate $100,000 at the end of three years to make a down payment on the house that costs $750,000. What should their equal end of year deposit be to achieve the $100,000 down payment required at 10% rate of interest

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