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How much must be deposited today into the following account in order to have $ 75 comma 000 in 6 years for a down payment
How much must be deposited today into the following account in order to have $ 75 comma 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 7 %
should be deposited today?
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