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If you want to have $ 2 3 , 0 0 0 for a down payment for a house in six years, what amount would

If you want to have $

23, 000

for a down payment for a house in six years, what amount would you need to

deposit today? Assume that your money will earn

3

percent.

Use the TVM keys on your calculator

. . .

NOT the tables in the book

Enter your answer as a negative value in the form:

-

, n .

Numeric Response

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