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If I want to have $ 6 0 , 0 0 0 for a down payment on a home 6 years from today, and can

If I want to have $

60, 000

for a down payment on a home

6

years from today, and can earn

7 %

compounded annually. How much do I need to save each year if I start saving a year from today, and make

6

equal annual payments?

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