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A couple is saving a down payment for a home. They want to have $50 000 at the end of 4 years in an account
A couple is saving a down payment for a home. They want to have $50 000 at the end of 4 years in an account paying interest at i(1) = 3%. How much must be deposited in the fund at the end of each year? Make out a schedule showing the growth of the fund.
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