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Mary Kate, Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 25% down payment For
Mary Kate, Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 25% down payment For example, to buy a $100,000 home, a person would need to save $25,000. At the end of each year for four years, the women make the following Investments: Annuity Type of Payment Account Expected Annual Return Person Mary Kate $3,700 Savings Ashley Dakote Elle 3% 4,700 CDs 5,700 Bonds 5,700 Stocks
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