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If you need $ 3 5 , 0 0 0 for a down payment on a house in six years, how much money must you

If you need $35,000 for a down payment on a house in six years, how much money must you invest today at 7% interest compounded annually to achieve your goal?
a. $14,700.00
b. $20,300.00
c. $23,321.98
d. $24,954.52
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