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How much must be deposited today into the following account in order to have $70,000 in 6 years for a down payment on a
How much must be deposited today into the following account in order to have $70,000 in 6 years for a down payment on a house? Assume no additional deposits are made. An account with annual compounding and an APR of 4% should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)
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Research Methods Statistics and Applications
Authors: Kathrynn A. Adams, Eva Marie K. Lawrence
1st edition
1452220182, 978-1452220185
