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PLEASE HELP ASAP You plan to place a $55,000 down payment on a lake cabin in Southern Oregon in five years. If you invest in

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You plan to place a $55,000 down payment on a lake cabin in Southern Oregon in five years. If you invest in a long - term CD earning an annual rate of 4.50%, how much would you need to invest today to have enough for the down payment in five years? A. $44,135 B. $30,605 C. $23,326 D. $46,264

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