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(Q) (10 points) Mary wants to buy a house and she wants to save $30,000 for down payment in FOUR years. If her deposits are

(Q) (10 points) Mary wants to buy a house and she wants to save $30,000 for down payment in FOUR years. If her deposits are placed equally at the end of each month in an account with interest rate 5.25 %, compounded monthly, what is the size of each payments (deposits)? Ans. Each Deposit

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