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Sony Colin thinks he can reasonably expect to buy a house in five years. He would like to have accumulated a $30,000 down payment (or

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Sony Colin thinks he can reasonably expect to buy a house in five years. He would like to have accumulated a $30,000 down payment (or a 20% down payment) on a $150,000 home. If Colin thinks he can earn 4% per year on his investments, how much must he invest annually (rounded to the nearest whole dollar) to reach his goal

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