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How much must be deposited today into the following account in order to have $70,000 in 5 years for a down payment on a house?
How much must be deposited today into the following account in order to have $70,000 in 5 years for a down payment on a house? Assume not additional deposits are made. An account with quarterly compounding and an APR of 7.4%
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
