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Suppose you want to buy a house 6 years from now, and you estimate that an initial down payment of $100,000 will be required at

Suppose you want to buy a house 6 years from now, and you estimate that an initial down payment of $100,000 will be required at that time. To accumulate the $100,000, you will wish to make equal annual end-of-year deposits into an account paying annual interest of 0.06. What is the annual payment you must deposit

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