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a.) You want to have $400,000 to purchase a house 10 years from today. Assuming you can earn 3 percent compounded annually, how much money
a.) You want to have $400,000 to purchase a house 10 years from today. Assuming you can earn 3 percent compounded annually, how much money must you invest today?
b.) Answer Part "a.)" again, but suppose that interest is compounded continuously.
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