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To save money for a down payment on your first home, you have decided to deposit $ 1 5 0 . 0 0 at the

To save money for a down payment on your first home, you have decided to deposit $150.00 at the end of the month into an account earning interest at 5.75% compounded quarterly.
a) If you hope to save $20,000.00 for your down payment, determine the number of deposit required to achieve this objected.
b) How long would this take in years?To save money for a down payment on your first home, you have decided to deposit $150.00 at the end of the month into an account earning interest at 5.75% compounded quarterly.
a) If you hope to save $20,000.00 for your down payment, determine the number of deposit required to achieve this objected.
b) How long would this take in years?

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