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A newly graduated engineer wishes to save for a down payment on purchasing a house in 5 years. A new house similar to what she

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A newly graduated engineer wishes to save for a down payment on purchasing a house in 5 years. A new house similar to what she wants today costs $250,000 with housing costs rising at 8% per year. If she wishes to make a 10% down payment on the house and her investments return per year, each of five equal amounts needed to be saved every year is closest to Select one: a. $5,300 O b. $5,700 O c. $6,100 O d. $6,500

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