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Question 6 (5 points) 5 years from now, you plan to buy a house for $300,000. The down payment is 10% of the house
Question 6 (5 points) 5 years from now, you plan to buy a house for $300,000. The down payment is 10% of the house value ($30,000). If you can earn 3.75% interest, compounded annually, on your savings, how much do you need to deposit today to have $30,000 in 5 years? Your Answer:
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
