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Required information [The following information applies to the question displayed below.] Mary Kate, Ashley. Dakota, and Elle each want to buy a new home. Each

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Required information [The following information applies to the question displayed below.] Mary Kate, Ashley. Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 25% down payment. For example, to buy a $100,000 home, a person would need to save $25,000. At the end of each year for four years, the women make the following investments: 2. What is the maximum amount each woman can spend on a home, assuming she uses her accumulated investment account to mah a 25\% down payment? IEV of \$11 PV of \$1. EVA of \$1. and PVA of \$1) (Use tables, Excel, or a financial calculator. Round your answer: to 2 decimal places.)

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