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Suppose you start saving today for adown payment that you plan to make on a house in 10 years. Assume that you make no deposits
- Suppose you start saving today for adown payment that you plan to make on a house in 10 years. Assume that you make no deposits into the account after your initial deposit. The account has quarterly compounding and an APR of 3%. How much would you need to deposit now to reach yourgoal in 10 years?
$9495.49
$12,342.98
$14,832.96
$15,490.39
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Brief Calculus & Its Applications
Authors: Larry J Goldstein, David C Lay, David I Schneider, Nakhle I Asmar
13th Edition
0321888510, 9780321888518
