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Suppose your grandmother se passed away and therefore berit Large sum of money. and muppose you deposit all the money inherited from another SIS 000,

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Suppose your grandmother se passed away and therefore berit Large sum of money. and muppose you deposit all the money inherited from another SIS 000, in a new bank today How much the annual interest rate does the new bank needs to give you so that you can make a pur of 0.000 house in 2 years Assume the new bank pays monthly interests. (5 points) (3) Assume that you don't have any saving today. But you plan to save a fixed amount of your monthly income for your dream house in Pearland. How much do you need to save at the end of every month so that you can make a purchase of $200,000 house in 2 years? Assume the bank for part (3) pays 8% interest rate compounded monthly. (5 points)

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