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Liz anticipates it will cost her $65,000 to buy a house in 18 months. How much should she invest today at an annual interest rate
Liz anticipates it will cost her $65,000 to buy a house in 18 months. How much should she invest today at an annual interest rate of 15% (with interest compounding monthly) to be able to afford the house in one and a half years?
For the following, enter the initial values you will put into the calculator. If the number is entered as a negative, include that in your answer. Enter a question mark for the variable you are solving for. N = ________ I/Y = _________ PV = ________ PMT = _________ FV = ________
Answer = __________
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