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Posted on Aug 07, 2024

To save money for a down payment on your first homee you make quarterly payments of 3 0 0 . 0 0 into an ordinary

To save money for a down payment on your first homee you make quarterly payments of

300.00

into an ordinary annuity earning an annual interest of

6.4 %

How much will be in the account after

5

years?

What is the total interest earned on this investment?

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