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Jacques received the proceeds from an inheritance on March 1 5 . He wants to set aside, in a term deposit on March 1 6
Jacques received the proceeds from an inheritance on March He wants to set aside, in a term deposit on March an amount sufficient to provide a $ down payment for the purchase of a home on November
If the current interest rate on day to day deposits is what amount should he place in the term deposit? Do not round intermediate calculations and round your final answer to decimal places.
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