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You are now 20 years old. In 30 years, you hope to be able to buy a small investment property currently worth $10,000, but expected
You are now 20 years old. In 30 years, you hope to be able to buy a small investment property currently worth $10,000, but expected to appreciate at the rate of -5% (minus 5%) per year. You plan to make equal quarterly payments and the bank if offering you 7.25% on your investment. How much should you invest every quarter to be able to purchase the property
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