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Bob and his wife Sally recently opened an investment account with the intention of saving enough to purchase the house of their dreams. Their goal
Bob and his wife Sally recently opened an investment account with the intention of saving enough to purchase the house of their dreams. Their goal is to have $75,000 down in 6 years. Their account will guarantee them a return of 6% compounded annually. How much do they need to put into the account right now to reach their objective?
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