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Question 2: [5 marks] A couple is saving for a downpayment on a mortage. The need $50,000 at the end of 4 years and so

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Question 2: [5 marks] A couple is saving for a downpayment on a mortage. The need $50,000 at the end of 4 years and so they make annual payments into an account, starting at the end of the first year. The account earns i(1)=5%

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