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How much must be deposited today into the following account in order to have $ 5 5 , 0 0 0 in 8 years for
How much must be deposited today into the following account in order to have $ in years for a down payment on a house? Assume no additional deposits are made.
An account with quarterly compounding and an APR of
$
should be deposited today.
Do not round until the final answer. Then round to the nearest cent as needed.
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