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Posted on Jul 30, 2024

How much would you need to deposit today in an account earning 8.5% interest per year in order to save $60,000 towards a house deposit

How much would you need to deposit today in an account earning 8.5% interest per year in order to save $60,000 towards a house deposit in 5 years time?

a. $39,902.73 b. $39,884.34 c. $40,567.77 d. $36,776.71

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