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John and Marsha would like to buy a house in 9 years. They estimate they will need at least $30236 for a down payment. How
John and Marsha would like to buy a house in 9 years. They estimate they will need at least $30236 for a down payment. How much should John and Marsha deposit today, in an account that pays 3% compounded annually, to have enough for the down payment in 9 years?
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