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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 30% down payment. For

Mary Kate, Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 30% down payment. For example, to buy a $100,000 home, a person would need to save $30,000. At the end of each year for six years, the women make the following investments: Person Annuity Payment Type of Account Expected Annual Return Mary Kate $3,500 Savings 3% Ashley 4,500 CDs 5 Dakota 5,500 Bonds 8 Elle 5,500 Stocks 10

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