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[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

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[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 Expected AnnultyType ofAnnual ount Return Person Mary Kate$3.700 Ashley Dakota Elle PeymentAcc Savings 3% 4,700 CDs 5,700Bonds 5,700Stocks 5 7 [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 Expected AnnultyType ofAnnual ount Return Person Mary Kate$3.700 Ashley Dakota Elle PeymentAcc Savings 3% 4,700 CDs 5,700Bonds 5,700Stocks 5 7

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