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Page 2 You are planning to buy a house in 10 years. You would like to be able to make a down payment of $70,000.

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Page 2 You are planning to buy a house in 10 years. You would like to be able to make a down payment of $70,000. The stated interest rate is 6% (APR). If interest is compounded monthly, how much will you need to invest today to make your down payment? 2 Page 3: $5,310.76 3 $38,474.29 Page 4 $39,087.63 4 $66,594.36 age 5: $127.357.77 5

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