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Allison can set aside $1,800 into her investment account every year to save up for a down payment on a house. If this account earns
Allison can set aside $1,800 into her investment account every year to save up for a down payment on a house. If this account earns 12% and she makes deposits for 9 years (NPER), how much will be in the account when Allison buys the house? The down payment costs $29,000. Will Allison have enough? $347,206.64. YES, she has enough! $32,561.43. YES, she has enough! $26,596.18.NO, not enough! $9,590.85. NO, not enough! PMT =$4,000 per year. At a rate of 12.50% per year, how much will accumulate (total) in the account after 34 years? $31,416.60 $1,723,236.90 $444,683.03 $219,404.61
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