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Question 20 (4.5 points) You want to have $40,000 for a dwn payment on a house 8 years from now. If you can earn 5.2

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Question 20 (4.5 points) You want to have $40,000 for a dwn payment on a house 8 years from now. If you can earn 5.2 percent, compounded annually on your savings, how much do you need to deposit today to reach your goal? [Round your answer to the nearest whole number. If your answer is 468.69 enter 469 as your answer.] Your Answer: Page 20 of 22 Next Page Answer Previous Page Question 20 (4.5 points) You want to have $40,000 for a dwn payment on a house 8 years from now. If you can earn 5.2 percent, compounded annually on your savings, how much do you need to deposit today to reach your goal? [Round your answer to the nearest whole number. If your answer is 468.69 enter 469 as your answer.] Your Answer: Page 20 of 22 Next Page Answer Previous Page

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