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Question 9 The Kellys are planning for a retirement home. They estimate they will need $160,000 4 years from now to purchase this home. Assuming
Question 9 The Kellys are planning for a retirement home. They estimate they will need $160,000 4 years from now to purchase this home. Assuming an interest rate of 11%, what amount must be deposited at the end of each of the 4 years to fund the home price? (Round factor values to 5 decimal places, e.g. 1.25124. Round answers to the nearest whole dollar, e.g. 5,275.) Click here to view factor tables Amount deposited each year $
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